Connor Clark & Lunn Investment Management Ltd. Sells 70,579 Shares of Emerson Electric Co. (NYSE:EMR)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 42.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,078 shares of the industrial products company's stock after selling 70,579 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Emerson Electric were worth $12,031,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EMR. Raymond James Financial Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth $297,947,000. State Street Corp grew its position in shares of Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after buying an additional 1,507,980 shares during the period. Fisher Asset Management LLC increased its stake in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after acquiring an additional 1,426,718 shares during the last quarter. Swedbank AB raised its position in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Finally, Sarasin & Partners LLP boosted its stake in Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company's stock worth $218,889,000 after acquiring an additional 965,731 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on EMR. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $136.22.

Emerson Electric Stock Up 0.4 %

Shares of NYSE EMR traded up $0.43 during trading hours on Wednesday, hitting $112.28. The company had a trading volume of 4,095,385 shares, compared to its average volume of 2,626,650. The stock has a market capitalization of $63.31 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The firm's 50 day moving average is $122.03 and its 200-day moving average is $119.07. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Emerson Electric Profile

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.