National Bank of Canada FI Acquires 274,263 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• National Bank of Canada FI increased its stake in Emerson Electric Co. by 112.0%, acquiring 274,263 shares, which brings its ownership to 519,112 shares valued at approximately $56.9 million.
• Several brokerages recently upgraded Emerson Electric, with Citigroup raising its target price from $146 to $165 and JDPMorgan Chase setting it at $133.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, resulting in an annualized dividend yield of 1.6%, with a payout ratio of 45.38%.

National Bank of Canada FI raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 112.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 519,112 shares of the industrial products company's stock after purchasing an additional 274,263 shares during the period. National Bank of Canada FI owned 0.09% of Emerson Electric worth $56,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after buying an additional 4,850 shares in the last quarter. FIL Ltd raised its holdings in shares of Emerson Electric by 15.8% in the 4th quarter. FIL Ltd now owns 106,232 shares of the industrial products company's stock worth $13,165,000 after purchasing an additional 14,523 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Emerson Electric by 61.7% in the 4th quarter. Bank of Nova Scotia now owns 127,675 shares of the industrial products company's stock worth $15,823,000 after purchasing an additional 48,737 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Emerson Electric by 15.4% in the 4th quarter. Bessemer Group Inc. now owns 23,983 shares of the industrial products company's stock worth $2,972,000 after purchasing an additional 3,194 shares in the last quarter. Finally, F M Investments LLC raised its holdings in shares of Emerson Electric by 25.3% in the 4th quarter. F M Investments LLC now owns 7,316 shares of the industrial products company's stock worth $907,000 after purchasing an additional 1,476 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of a number of research reports. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Bank of America boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Robert W. Baird dropped their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Finally, Wells Fargo & Company boosted their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Down 0.5%

EMR traded down $0.72 during trading on Monday, reaching $132.02. 2,259,011 shares of the stock were exchanged, compared to its average volume of 3,730,385. The stock has a market cap of $74.30 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The stock's 50 day moving average price is $135.34 and its two-hundred day moving average price is $121.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the company posted $1.43 earnings per share. Emerson Electric's revenue was up 3.9% compared to the same quarter last year. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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

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.