Addenda Capital Inc. Cuts Stock Position in Emerson Electric Co. (NYSE:EMR)

Addenda Capital Inc. lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 0.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 65,588 shares of the industrial products company’s stock after selling 183 shares during the period. Addenda Capital Inc.’s holdings in Emerson Electric were worth $7,439,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EMR. Tobam grew its position 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 valued at $28,000 after purchasing an additional 273 shares in the last quarter. Security National Bank purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $29,000. Cape Investment Advisory Inc. grew its position in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares in the last quarter. Burkett Financial Services LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EMR. Berenberg Bank increased their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Robert W. Baird lowered their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Wells Fargo & Company increased their price target on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America increased their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.76.

Emerson Electric Trading Up 1.7 %

Shares of Emerson Electric stock traded up $1.87 on Friday, hitting $110.16. 4,684,587 shares of the company traded hands, compared to its average volume of 2,698,480. The stock’s 50 day moving average price is $110.00 and its 200-day moving average price is $105.59. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76. The company has a market cap of $63.02 billion, a PE ratio of 5.89, a PEG ratio of 1.77 and a beta of 1.33.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 16.5% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

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.