CANADA LIFE ASSURANCE Co Sells 14,597 Shares of Emerson Electric Co. (NYSE:EMR)

CANADA LIFE ASSURANCE Co cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 276,752 shares of the industrial products company's stock after selling 14,597 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Emerson Electric were worth $34,300,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Emerson Electric by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after purchasing an additional 384,313 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Emerson Electric by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after buying an additional 232,540 shares during the period. Norges Bank bought a new position in shares of Emerson Electric during the fourth quarter worth about $885,886,000. Nordea Investment Management AB lifted its stake in shares of Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after acquiring an additional 375,470 shares during the period. Finally, Schroder Investment Management Group increased its position in Emerson Electric by 4.1% during the 4th quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after purchasing an additional 171,946 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 3.7 %

Emerson Electric stock traded up $3.79 during midday trading on Thursday, hitting $104.86. 1,283,582 shares of the stock were exchanged, compared to its average volume of 3,140,362. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The business's 50-day moving average price is $110.03 and its 200-day moving average price is $118.72. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $59.13 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.01%. Emerson Electric's payout ratio is 50.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective for the company. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Finally, Barclays cut their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and an average target price of $131.67.

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.