Connor Clark & Lunn Investment Management Ltd. raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 28.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,750 shares of the industrial products company's stock after acquiring an additional 27,672 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Emerson Electric were worth $13,678,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions purchased a new stake in Emerson Electric during the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new stake in Emerson Electric during the first quarter valued at approximately $28,000. Finally, Fourth Dimension Wealth LLC increased its holdings in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after buying an additional 154 shares during the last quarter. Institutional investors own 74.30% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on EMR. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company increased their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.39.
Get Our Latest Stock Analysis on EMR
Emerson Electric Stock Down 0.7%
Shares of NYSE EMR traded down $0.99 during mid-day trading on Friday, reaching $132.86. 1,032,897 shares of the company traded hands, compared to its average volume of 3,167,884. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market cap of $74.77 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. The company's fifty day moving average is $136.37 and its two-hundred day moving average is $121.81. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. On average, analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's payout ratio is currently 45.38%.
Emerson Electric Company Profile
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Free Report)
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.
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