Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Emerson Electric Co. (NYSE:EMR – Free Report) by 17.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,499 shares of the industrial products company’s stock after buying an additional 110,890 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Emerson Electric were worth $97,151,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of EMR. Forbes J M & Co. LLP grew its position in shares of Emerson Electric by 692.5% during the fourth quarter. Forbes J M & Co. LLP now owns 95,811 shares of the industrial products company’s stock worth $12,716,000 after buying an additional 83,721 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Emerson Electric by 14.8% during the fourth quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company’s stock worth $954,405,000 after buying an additional 928,548 shares during the period. Legal & General Group Plc raised its holdings in Emerson Electric by 2.1% in the fourth quarter. Legal & General Group Plc now owns 4,114,470 shares of the industrial products company’s stock valued at $546,072,000 after acquiring an additional 84,064 shares in the last quarter. Truist Financial Corp lifted its stake in Emerson Electric by 4.6% in the fourth quarter. Truist Financial Corp now owns 1,185,160 shares of the industrial products company’s stock worth $157,294,000 after acquiring an additional 52,440 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in Emerson Electric by 86.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 81,093 shares of the industrial products company’s stock worth $10,763,000 after acquiring an additional 37,702 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.
Emerson Electric Stock Up 2.1%
Shares of NYSE:EMR opened at $147.94 on Friday. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $165.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. The stock has a market cap of $82.86 billion, a P/E ratio of 34.17, a P/E/G ratio of 2.31 and a beta of 1.25. The firm has a fifty day moving average price of $140.81 and a 200 day moving average price of $142.07.
Emerson Electric Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 15th. Emerson Electric’s dividend payout ratio (DPR) is 51.27%.
Analysts Set New Price Targets
EMR has been the subject of a number of analyst reports. Barclays boosted their target price on shares of Emerson Electric from $140.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price target on Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets raised their target price on Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Thirteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $162.36.
Read Our Latest Analysis on Emerson Electric
Emerson Electric Company 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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