Healthcare of Ontario Pension Plan Trust Fund Acquires 468,898 Shares of Emerson Electric Co. (NYSE:EMR)

Healthcare of Ontario Pension Plan Trust Fund raised its position in Emerson Electric Co. (NYSE:EMR) by 1,796.4% during the third quarter, Holdings Channel reports. The fund owned 495,000 shares of the industrial products company’s stock after acquiring an additional 468,898 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Emerson Electric were worth $54,138,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Townsquare Capital LLC raised its stake in shares of Emerson Electric by 4.9% in the third quarter. Townsquare Capital LLC now owns 11,851 shares of the industrial products company’s stock worth $1,296,000 after buying an additional 553 shares during the period. Brooklyn Investment Group bought a new position in shares of Emerson Electric in the third quarter worth about $144,000. Quantbot Technologies LP bought a new position in shares of Emerson Electric in the third quarter worth about $5,918,000. Dai ichi Life Insurance Company Ltd raised its stake in shares of Emerson Electric by 38.5% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 97,590 shares of the industrial products company’s stock worth $10,673,000 after buying an additional 27,149 shares during the period. Finally, Patton Albertson Miller Group LLC raised its stake in shares of Emerson Electric by 3.4% in the third quarter. Patton Albertson Miller Group LLC now owns 7,619 shares of the industrial products company’s stock worth $833,000 after buying an additional 249 shares during the period. Institutional investors own 74.30% of the company’s stock.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

NYSE:EMR opened at $132.62 on Thursday. The firm has a market capitalization of $75.62 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.23 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $134.17. The business has a 50 day simple moving average of $115.79 and a 200-day simple moving average of $111.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 target price for the company. Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

About Emerson Electric

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.