Investment Management Corp of Ontario Increases Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Investment Management Corp of Ontario increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 48.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,001 shares of the industrial products company's stock after buying an additional 6,200 shares during the quarter. Investment Management Corp of Ontario's holdings in Emerson Electric were worth $2,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter worth about $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric in the third quarter valued at about $33,000. Meeder Asset Management Inc. boosted its stake in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric during the third quarter worth about $33,000. Institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Stock Performance

Shares of NYSE EMR traded down $1.17 during mid-day trading on Thursday, reaching $133.16. 2,377,869 shares of the company's stock were exchanged, compared to its average volume of 2,746,792. The firm has a 50-day moving average price of $119.07 and a two-hundred day moving average price of $111.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm has a market capitalization of $75.84 billion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.24 and a beta of 1.34. Emerson Electric Co. has a 52 week low of $87.59 and a 52 week high of $134.85.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.58%. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric's payout ratio is presently 61.70%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EMR. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Stephens cut Emerson Electric from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Barclays raised their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a report on Thursday. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Saturday, November 30th. Finally, Wells Fargo & Company upped their price target on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $132.17.

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.