BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $34.94 Million Holdings in Emerson Electric Co. (NYSE:EMR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 195.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 281,896 shares of the industrial products company’s stock after buying an additional 186,438 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Emerson Electric were worth $34,935,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC lifted its holdings in Emerson Electric by 14.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 8,833 shares of the industrial products company’s stock valued at $1,095,000 after buying an additional 1,128 shares during the period. Continuum Advisory LLC lifted its position in shares of Emerson Electric by 2.4% during the fourth quarter. Continuum Advisory LLC now owns 11,376 shares of the industrial products company’s stock valued at $1,410,000 after purchasing an additional 271 shares in the last quarter. Ames National Corp purchased a new position in shares of Emerson Electric in the 4th quarter worth approximately $273,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth about $38,000. Finally, Kinloch Capital LLC raised its stake in shares of Emerson Electric by 2.3% in the fourth quarter. Kinloch Capital LLC now owns 37,743 shares of the industrial products company’s stock valued at $4,677,000 after buying an additional 853 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $117.95 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The firm has a market capitalization of $66.35 billion, a PE ratio of 28.15, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a 50 day moving average price of $107.75 and a 200-day moving average price of $119.08.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.79%. Emerson Electric’s dividend payout ratio is presently 50.48%.

Wall Street Analyst Weigh In

EMR has been the subject of several analyst reports. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Royal Bank of Canada upped their target price on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Citigroup increased their target price on Emerson Electric from $119.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $132.24.

Emerson Electric Company 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.