TD Waterhouse Canada Inc. Reduces Stake in Emerson Electric Co. (NYSE:EMR)

TD Waterhouse Canada Inc. reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 19.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 124,941 shares of the industrial products company's stock after selling 31,046 shares during the period. TD Waterhouse Canada Inc.'s holdings in Emerson Electric were worth $15,490,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EMR shares. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Wednesday. Barclays reduced their target price on Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Finally, KeyCorp reduced their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $131.67.

Emerson Electric Trading Up 0.2 %

EMR stock traded up $0.19 during midday trading on Friday, reaching $105.24. The company's stock had a trading volume of 2,636,051 shares, compared to its average volume of 2,942,892. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The firm has a market capitalization of $59.34 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.49 and a beta of 1.28. The stock has a fifty day simple moving average of $109.27 and a two-hundred day simple moving average of $118.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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 predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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

Emerson Electric 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.