Intact Investment Management Inc. Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

Intact Investment Management Inc. lowered its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 39.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,800 shares of the industrial products company's stock after selling 29,490 shares during the period. Intact Investment Management Inc.'s holdings in Emerson Electric were worth $5,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the fourth quarter valued at $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the third quarter valued at $29,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the fourth quarter valued at $30,000. Finally, Frazier Financial Advisors LLC acquired a new position in Emerson Electric during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EMR shares. JPMorgan Chase & Co. lowered their target price on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Barclays cut shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $135.00 to $110.00 in a report on Monday, March 10th. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.22.

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Emerson Electric Price Performance

Shares of NYSE EMR traded down $1.83 during midday trading on Tuesday, hitting $111.77. The company had a trading volume of 2,724,830 shares, compared to its average volume of 2,622,975. The firm has a market capitalization of $63.02 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The business has a 50-day simple moving average of $122.21 and a two-hundred day simple moving average of $119.03. 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 posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 50.36%.

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.