Mackenzie Financial Corp Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Mackenzie Financial Corp boosted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 37.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 69,225 shares of the industrial products company's stock after acquiring an additional 18,924 shares during the period. Mackenzie Financial Corp's holdings in Emerson Electric were worth $8,579,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EMR. Stephens Consulting LLC acquired a new position in Emerson Electric during the fourth quarter worth $25,000. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric during the fourth quarter worth $28,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the subject of a number of research reports. Robert W. Baird dropped their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Citigroup raised their price objective 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. JPMorgan Chase & Co. raised 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. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two research 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.53.

Emerson Electric Stock Down 0.5%

Shares of NYSE EMR traded down $0.65 during midday trading on Friday, hitting $119.27. The company's stock had a trading volume of 4,057,167 shares, compared to its average volume of 2,931,099. The business's fifty day simple moving average is $108.64 and its two-hundred day simple moving average is $118.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The firm has a market capitalization of $67.09 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

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

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.77%. Emerson Electric's dividend payout ratio is currently 50.48%.

Insider Buying and Selling

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

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.