Emerson Electric Co. (NYSE:EMR) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in Emerson Electric Co. (NYSE:EMR) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,231 shares of the industrial products company’s stock after selling 20,038 shares during the period. National Bank of Canada FI’s holdings in Emerson Electric were worth $16,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in EMR. Lindbrook Capital LLC grew its position in shares of Emerson Electric by 50.7% during the third quarter. Lindbrook Capital LLC now owns 1,621 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 545 shares during the last quarter. Mackenzie Financial Corp increased its stake in Emerson Electric by 3.0% in the third quarter. Mackenzie Financial Corp now owns 51,474 shares of the industrial products company’s stock valued at $4,882,000 after purchasing an additional 1,504 shares during the period. FORVIS Wealth Advisors LLC boosted its stake in shares of Emerson Electric by 1.0% during the third quarter. FORVIS Wealth Advisors LLC now owns 12,081 shares of the industrial products company’s stock worth $1,167,000 after buying an additional 125 shares during the period. NBT Bank N A NY grew its holdings in shares of Emerson Electric by 40.5% during the third quarter. NBT Bank N A NY now owns 18,931 shares of the industrial products company’s stock worth $1,828,000 after buying an additional 5,458 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in Emerson Electric by 3.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 7,660 shares of the industrial products company’s stock valued at $691,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on EMR. Berenberg Bank boosted their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Citigroup raised their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. UBS Group increased their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Mizuho lifted their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Barclays increased their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.07.

Emerson Electric Stock Performance

NYSE:EMR opened at $107.43 on Wednesday. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The company has a market capitalization of $61.32 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $110.61 and a two-hundred day moving average price of $99.95.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. As a group, research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.95%. Emerson Electric’s payout ratio is currently 10.94%.

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.