Canada Pension Plan Investment Board Purchases 38,397 Shares of Emerson Electric Co. (NYSE:EMR)

Canada Pension Plan Investment Board boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,307 shares of the industrial products company's stock after buying an additional 38,397 shares during the quarter. Canada Pension Plan Investment Board's holdings in Emerson Electric were worth $30,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. GDS Wealth Management grew its holdings in Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after buying an additional 79 shares during the last quarter. Mcdonald Partners LLC boosted its stake in shares of Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after acquiring an additional 81 shares during the last quarter. Berkshire Bank increased its position in Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after purchasing an additional 89 shares in the last quarter. Little House Capital LLC boosted its stake in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after purchasing an additional 89 shares during the last quarter. Finally, Grove Bank & Trust grew its holdings in shares of Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after buying an additional 90 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on EMR shares. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Barclays reduced their price objective on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a report on Thursday, February 6th. KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.67.

Emerson Electric Stock Up 0.6 %

Shares of EMR traded up $0.58 during trading hours on Friday, hitting $105.63. 1,031,509 shares of the company were exchanged, compared to its average volume of 2,925,158. The company has a market cap of $59.56 billion, a PE ratio of 25.21, a PEG ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm's 50 day moving average is $109.67 and its 200-day moving average is $118.66. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is presently 50.36%.

About Emerson Electric

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.