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

Intact Investment Management Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,100 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. Intact Investment Management Inc.’s holdings in Emerson Electric were worth $8,575,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EMR. Tobam grew its holdings in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric during the fourth quarter worth about $35,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth about $39,000. MCF Advisors LLC grew its holdings in shares of Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after buying an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Emerson Electric during the third quarter worth about $42,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Citigroup raised their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group raised their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. KeyCorp raised their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Finally, Mizuho raised their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Price Performance

Shares of EMR stock traded up $0.29 during midday trading on Friday, reaching $109.89. 1,364,495 shares of the company traded hands, compared to its average volume of 1,854,608. The firm’s 50 day simple moving average is $110.38 and its two-hundred day simple moving average is $99.28. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The firm has a market cap of $62.73 billion, a PE ratio of 5.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.91%. Emerson Electric’s payout ratio is currently 10.94%.

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.