Scotia Capital Inc. Has $52.27 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Scotia Capital Inc. lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 421,745 shares of the industrial products company's stock after purchasing an additional 37,817 shares during the period. Scotia Capital Inc. owned approximately 0.07% of Emerson Electric worth $52,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB grew its position in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock worth $6,162,000 after purchasing an additional 30,741 shares in the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Stokes Family Office LLC boosted its holdings in shares of Emerson Electric by 94.8% during the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock worth $1,141,000 after purchasing an additional 4,480 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after buying an additional 6,321 shares during the period. Finally, World Investment Advisors raised its holdings in shares of Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock worth $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

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Emerson Electric Trading Down 0.5 %

EMR stock traded down $0.49 during midday trading on Tuesday, reaching $100.55. The company's stock had a trading volume of 1,439,592 shares, compared to its average volume of 2,899,423. The business's 50-day simple moving average is $113.69 and its 200-day simple moving average is $119.36. 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 Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The stock has a market cap of $56.70 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.10%. Emerson Electric's dividend payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent research reports. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Barclays dropped their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Finally, StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $131.67.

Emerson Electric Company 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.