Emerson Electric Co. (NYSE:EMR) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,700 shares of the industrial products company's stock after selling 2,100 shares during the period. Intact Investment Management Inc.'s holdings in Emerson Electric were worth $4,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after buying an additional 4,850 shares during the period. Kestra Investment Management LLC acquired a new position in Emerson Electric during the 4th quarter worth $70,000. Private Advisor Group LLC raised its position in Emerson Electric by 4.6% in the 4th quarter. Private Advisor Group LLC now owns 69,790 shares of the industrial products company's stock valued at $8,649,000 after purchasing an additional 3,096 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of Emerson Electric by 41.0% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 2,712 shares of the industrial products company's stock valued at $336,000 after buying an additional 789 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in Emerson Electric by 0.5% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 33,901 shares of the industrial products company's stock worth $4,201,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR stock traded down $1.27 during trading hours on Wednesday, reaching $129.46. 2,589,386 shares of the company's stock were exchanged, compared to its average volume of 2,979,236. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The company's 50 day moving average is $116.32 and its two-hundred day moving average is $118.12. The company has a market cap of $72.82 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.28. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company earned $1.36 earnings per share. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Analysts Set New Price Targets

Several research firms have recently issued reports on EMR. JPMorgan Chase & Co. lifted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays lifted their price target on Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a report on Monday, June 9th. Wells Fargo & Company increased their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. KeyCorp upped their price target on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $136.47.

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.