Emerson Electric Co. $EMR Stake Decreased by Intact Investment Management Inc.

Key Points

• Intact Investment Management cut its stake in Emerson by 85.1% in Q4, selling 31,300 shares and leaving it with 5,500 shares worth about $730,000.
• Insiders sold 13,879 shares totaling roughly $2.12 million in the past three months — including sales by VP Nicholas Piazza and CEO Surendralal Lanca Karsanbhai — and corporate insiders now own 0.23% of the stock.
• Emerson reported Q results with EPS $1.46 (above estimates) and $4.35 billion in revenue (slightly below estimates); analysts’ consensus is a "Hold" with an average target price of $162.38.

Intact Investment Management Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 85.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the industrial products company's stock after selling 31,300 shares during the period. Intact Investment Management Inc.'s holdings in Emerson Electric were worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Brighton Jones LLC raised its holdings in Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Emerson Electric during the first quarter worth approximately $232,000. Caxton Associates LLP bought a new stake in Emerson Electric during the first quarter worth approximately $275,000. Sivia Capital Partners LLC bought a new stake in Emerson Electric during the second quarter worth approximately $203,000. Finally, Jump Financial LLC raised its holdings in Emerson Electric by 121.5% during the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company's stock worth $1,406,000 after purchasing an additional 5,783 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Insiders Place Their Bets

In other Emerson Electric news, VP Nicholas J. Piazza sold 6,703 shares of Emerson Electric stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $159.07, for a total transaction of $1,066,246.21. Following the transaction, the vice president directly owned 31,664 shares in the company, valued at approximately $5,036,792.48. The trade was a 17.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of Emerson Electric stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the transaction, the chief executive officer owned 281,393 shares in the company, valued at approximately $40,047,851.76. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 13,879 shares of company stock worth $2,116,818. Corporate insiders own 0.23% of the company's stock.

Emerson Electric Trading Down 1.3%

Emerson Electric stock opened at $135.62 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.62 and a current ratio of 0.84. The firm has a market cap of $76.22 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.19 and a beta of 1.26. Emerson Electric Co. has a 1 year low of $106.53 and a 1 year high of $165.15. The firm's 50 day moving average price is $138.85 and its two-hundred day moving average price is $138.98.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.37 billion. Emerson Electric had a net margin of 12.72% and a return on equity of 17.25%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. On average, research analysts predict that Emerson Electric Co. will post 6.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EMR shares. TD Cowen cut Emerson Electric from a "buy" rating to a "hold" rating and set a $150.00 target price on the stock. in a report on Friday, January 9th. JPMorgan Chase & Co. boosted their target price on Emerson Electric from $150.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, January 16th. Jefferies Financial Group started coverage on Emerson Electric in a report on Tuesday, March 31st. They set a "buy" rating and a $175.00 target price on the stock. KeyCorp boosted their target price on Emerson Electric from $155.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, February 5th. Finally, Daiwa Securities Group lifted their price target on shares of Emerson Electric from $153.00 to $177.00 and gave the stock an "outperform" rating in a research report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $162.38.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson's offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.

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