CANADA LIFE ASSURANCE Co decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,752 shares of the industrial products company's stock after selling 14,597 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Emerson Electric were worth $34,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of EMR. Fairfield Bush & CO. bought a new position in shares of Emerson Electric during the 4th quarter valued at $238,000. Canada Pension Plan Investment Board grew its stake in shares of Emerson Electric by 18.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 243,307 shares of the industrial products company's stock valued at $30,153,000 after buying an additional 38,397 shares during the last quarter. First Commonwealth Financial Corp PA increased its holdings in shares of Emerson Electric by 4.1% in the fourth quarter. First Commonwealth Financial Corp PA now owns 7,298 shares of the industrial products company's stock worth $904,000 after buying an additional 290 shares during the period. Farringdon Capital Ltd. bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $858,000. Finally, MSH Capital Advisors LLC bought a new position in Emerson Electric during the 4th quarter worth approximately $2,663,000. Hedge funds and other institutional investors own 74.30% of the company's stock.
Analyst Upgrades and Downgrades
EMR has been the subject of a number of analyst reports. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective for the company. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Morgan Stanley boosted their price target on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $131.67.
Read Our Latest Research Report on EMR
Emerson Electric Stock Performance
Emerson Electric stock opened at $99.55 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $56.14 billion, a P/E ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. The stock's 50 day moving average is $111.55 and its 200 day moving average is $118.95.
Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. Emerson Electric's dividend payout ratio is presently 50.36%.
About Emerson Electric
(
Free Report)
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
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