TD Waterhouse Canada Inc. raised its holdings in Emerson Electric Co. (NYSE:EMR – Free Report) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,819 shares of the industrial products company’s stock after purchasing an additional 6,081 shares during the period. TD Waterhouse Canada Inc.’s holdings in Emerson Electric were worth $12,814,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Basso Capital Management L.P. purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $25,000. Allied Private Wealth LLC acquired a new position in shares of Emerson Electric in the second quarter worth $27,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $27,000. Motiv8 Investments LLC purchased a new stake in Emerson Electric during the 4th quarter worth about $27,000. Finally, Orion Capital Management LLC acquired a new position in Emerson Electric in the 2nd quarter valued at about $29,000. 74.30% of the stock is owned by hedge funds and other institutional investors.
Emerson Electric Price Performance
Emerson Electric stock opened at $152.88 on Friday. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $166.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The firm has a 50 day moving average price of $149.35 and a 200 day moving average price of $143.45. The company has a market cap of $85.63 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.29 and a beta of 1.24.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued a $0.555 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s dividend payout ratio (DPR) is presently 48.58%.
Insider Transactions at Emerson Electric
In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the completion of the sale, the chief executive officer owned 271,743 shares of the company’s stock, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.
Analyst Upgrades and Downgrades
EMR has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Emerson Electric from $157.00 to $175.00 in a research report on Thursday, August 6th. HSBC raised their target price on shares of Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on Emerson Electric from $169.00 to $179.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Wall Street Zen raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, BNP Paribas Exane lifted their price objective on Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $167.83.
View Our Latest Stock Report on Emerson Electric
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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