BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Stake in Emerson Electric Co. (NYSE:EMR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 195.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 281,896 shares of the industrial products company's stock after purchasing an additional 186,438 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Emerson Electric were worth $34,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EMR. Stokes Family Office LLC grew its position in Emerson Electric by 94.8% during the 4th quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after purchasing an additional 4,480 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock valued at $10,187,000 after purchasing an additional 6,321 shares during the period. Clark Capital Management Group Inc. lifted its stake in shares of Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock worth $749,000 after purchasing an additional 434 shares during the period. World Investment Advisors grew its position in Emerson Electric by 41.2% during the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after buying an additional 6,079 shares during the period. Finally, Howland Capital Management LLC raised its position in Emerson Electric by 13.0% in the fourth quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock worth $3,283,000 after acquiring an additional 3,054 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Emerson Electric Trading Up 0.6%

NYSE EMR traded up $0.73 during trading on Monday, hitting $118.08. The stock had a trading volume of 4,430,913 shares, compared to its average volume of 2,928,877. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $66.42 billion, a PE ratio of 28.18, a PEG ratio of 2.49 and a beta of 1.26. The firm has a 50 day moving average price of $108.03 and a 200 day moving average price of $119.00. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.79%. Emerson Electric's payout ratio is currently 50.48%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird reduced their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Daiwa Capital Markets initiated coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $133.06.

Emerson Electric Company 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.