TD Waterhouse Canada Inc. reduced its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,941 shares of the industrial products company's stock after selling 31,046 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Emerson Electric were worth $15,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in EMR. Vanguard Group Inc. grew its position in Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after buying an additional 384,313 shares during the period. Geode Capital Management LLC increased its stake in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after purchasing an additional 232,540 shares in the last quarter. Norges Bank bought a new position in Emerson Electric in the 4th quarter worth $885,886,000. Nordea Investment Management AB lifted its position in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after buying an additional 171,946 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a report on Thursday, February 6th. Citigroup lowered their price objective on Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, KeyCorp decreased their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.
View Our Latest Research Report on EMR
Emerson Electric Trading Up 0.2 %
Shares of NYSE EMR traded up $0.19 during midday trading on Friday, hitting $105.24. The company's stock had a trading volume of 2,636,051 shares, compared to its average volume of 2,931,408. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The business's 50 day moving average is $109.67 and its two-hundred day moving average is $118.66. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The firm has a market cap of $59.34 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.
Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.
Emerson Electric Company Profile
(
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.
See Also
Before you consider Emerson Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emerson Electric wasn't on the list.
While Emerson Electric currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
