Emerson Electric Co. (NYSE:EMR) Stock Position Reduced by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,660 shares of the industrial products company’s stock after selling 700 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Emerson Electric were worth $5,659,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric in the 4th quarter valued at $28,000. YANKCOM Partnership bought a new stake in Emerson Electric in the fourth quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric during the fourth quarter worth about $35,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EMR shares. Daiwa Capital Markets initiated coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday. KeyCorp decreased their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Barclays raised their target price on Emerson Electric from $99.00 to $104.00 and gave the stock an “underweight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.88.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. The trade was a 9.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Trading Up 0.2 %

EMR opened at $112.55 on Friday. The firm has a market capitalization of $63.31 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.49 and a beta of 1.26. The company’s 50 day moving average price is $106.79 and its two-hundred day moving average price is $118.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the previous year, the business earned $1.36 EPS. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. Emerson Electric’s payout ratio is presently 50.48%.

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.