Emerson Electric Co. (NYSE:EMR) Shares Purchased by Ontario Teachers Pension Plan Board

Key Points

• The Ontario Teachers Pension Plan Board increased its holdings in Emerson Electric Co. by 122.5%, owning 27,181 shares worth nearly $3 million after acquiring nearly 15,000 additional shares this quarter.
• Other institutional investors also boosted their stakes in Emerson, including Goldman Sachs, which raised its holdings by 18.0% in the first quarter, while DZ BANK AG saw an impressive growth of 3,866.2% in its position.
• Emerson Electric reported $1.52 EPS for the quarter, exceeding estimates, and has an average target price of $142.28 from analysts, indicating a Moderate Buy consensus rating.

Ontario Teachers Pension Plan Board boosted its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 122.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,181 shares of the industrial products company's stock after buying an additional 14,965 shares during the period. Ontario Teachers Pension Plan Board's holdings in Emerson Electric were worth $2,980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Brighton Jones LLC lifted its holdings in Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. Bank of Montreal Can lifted its holdings in Emerson Electric by 3.5% in the fourth quarter. Bank of Montreal Can now owns 760,300 shares of the industrial products company's stock valued at $94,224,000 after acquiring an additional 25,714 shares during the period. FIL Ltd lifted its holdings in Emerson Electric by 15.8% in the fourth quarter. FIL Ltd now owns 106,232 shares of the industrial products company's stock valued at $13,165,000 after acquiring an additional 14,523 shares during the period. Bank of Nova Scotia raised its stake in shares of Emerson Electric by 61.7% during the 4th quarter. Bank of Nova Scotia now owns 127,675 shares of the industrial products company's stock worth $15,823,000 after buying an additional 48,737 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Emerson Electric by 1.3% during the 4th quarter. Advisory Services Network LLC now owns 28,398 shares of the industrial products company's stock worth $3,519,000 after buying an additional 378 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $125.00 to $127.00 in a research note on Thursday. Robert W. Baird cut their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Trading Down 0.0%

Shares of NYSE:EMR traded down $0.01 during trading on Friday, reaching $132.82. 2,443,658 shares of the stock were exchanged, compared to its average volume of 3,713,589. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.85. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market cap of $74.75 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32. The firm's 50-day moving average price is $135.34 and its 200 day moving average price is $121.71.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. The business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric's payout ratio is 45.38%.

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.