Emerson Electric Co. (EMR) Stake Lowered by TD Asset Management Inc.

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TD Asset Management Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 10.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,273,108 shares of the industrial products company’s stock after selling 147,557 shares during the period. TD Asset Management Inc.’s holdings in Emerson Electric were worth $76,068,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Taylor Hoffman Wealth Management lifted its position in Emerson Electric by 6.7% during the third quarter. Taylor Hoffman Wealth Management now owns 14,492 shares of the industrial products company’s stock valued at $1,110,000 after purchasing an additional 911 shares during the period. Honkamp Krueger Financial Services Inc. lifted its position in Emerson Electric by 64.2% during the third quarter. Honkamp Krueger Financial Services Inc. now owns 8,510 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 3,327 shares during the period. Parsec Financial Management Inc. lifted its position in Emerson Electric by 1.3% during the third quarter. Parsec Financial Management Inc. now owns 291,883 shares of the industrial products company’s stock valued at $22,352,000 after purchasing an additional 3,787 shares during the period. Assenagon Asset Management S.A. bought a new position in Emerson Electric during the third quarter valued at approximately $13,110,000. Finally, IFP Advisors Inc lifted its position in Emerson Electric by 6.0% during the third quarter. IFP Advisors Inc now owns 19,752 shares of the industrial products company’s stock valued at $1,513,000 after purchasing an additional 1,124 shares during the period. Hedge funds and other institutional investors own 71.14% of the company’s stock.

A number of brokerages recently weighed in on EMR. Citigroup upgraded shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price objective on the stock in a research report on Monday, January 14th. Gordon Haskett downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Stephens restated a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Sunday, January 6th. Cowen restated a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research report on Tuesday, November 6th. Finally, Zacks Investment Research downgraded shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $76.28.

In other news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total transaction of $616,760.00. Following the sale, the insider now directly owns 20,000 shares in the company, valued at approximately $1,360,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.07% of the stock is owned by company insiders.

EMR traded down $0.12 during trading on Monday, hitting $66.62. The company’s stock had a trading volume of 47,826 shares, compared to its average volume of 4,107,377. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The company has a market capitalization of $41.02 billion, a PE ratio of 19.76, a PEG ratio of 2.10 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. Equities analysts forecast that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 15th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.96 annualized dividend and a dividend yield of 2.94%. Emerson Electric’s payout ratio is 57.99%.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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