Fiera Capital Corp trimmed its position in shares of Emerson Electric Co. (NYSE:EMR) by 38.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the industrial products company’s stock after selling 1,878 shares during the period. Fiera Capital Corp’s holdings in Emerson Electric were worth $271,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Harrington Investments INC grew its holdings in Emerson Electric by 6.6% during the 1st quarter. Harrington Investments INC now owns 17,498 shares of the industrial products company’s stock valued at $1,579,000 after purchasing an additional 1,083 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Emerson Electric in the 1st quarter valued at about $7,888,000. CWM Advisors LLC boosted its position in Emerson Electric by 46.6% in the 1st quarter. CWM Advisors LLC now owns 42,914 shares of the industrial products company’s stock valued at $3,872,000 after buying an additional 13,637 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in Emerson Electric in the 1st quarter valued at about $3,961,000. Finally, Alliancebernstein L.P. boosted its position in Emerson Electric by 15.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,413,978 shares of the industrial products company’s stock valued at $194,011,000 after buying an additional 314,751 shares during the period. Institutional investors own 72.66% of the company’s stock.
NYSE EMR opened at $97.59 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.26. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.46 and a beta of 1.55. The stock’s 50 day moving average price is $93.60. Emerson Electric Co. has a 52 week low of $58.67 and a 52 week high of $99.09.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Shareholders of record on Friday, May 14th were paid a dividend of $0.505 per share. The ex-dividend date of this dividend was Thursday, May 13th. This represents a $2.02 dividend on an annualized basis and a yield of 2.07%. Emerson Electric’s payout ratio is 58.38%.
Several research firms have issued reports on EMR. Zacks Investment Research cut shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a research report on Tuesday, April 6th. Barclays boosted their price objective on shares of Emerson Electric from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 6th. Credit Suisse Group upped their price target on shares of Emerson Electric from $101.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. Finally, Morgan Stanley upped their price target on shares of Emerson Electric from $90.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Emerson Electric currently has an average rating of “Buy” and an average price target of $91.00.
About Emerson Electric
Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.
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