Toronto Dominion Bank Reduces Stock Position in Emerson Electric Co. (NYSE:EMR)

Toronto Dominion Bank decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,616 shares of the industrial products company's stock after selling 7,219 shares during the quarter. Toronto Dominion Bank's holdings in Emerson Electric were worth $30,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Stephens Consulting LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the fourth quarter worth $28,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Transactions at Emerson Electric

In other Emerson Electric 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 of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR traded up $1.22 during midday trading on Thursday, hitting $117.37. The stock had a trading volume of 3,058,496 shares, compared to its average volume of 2,911,467. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $107.83 and a two-hundred day moving average price of $119.06. The company has a market capitalization of $66.02 billion, a PE ratio of 28.01, a P/E/G ratio of 2.49 and a beta of 1.26.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.80%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. KeyCorp dropped their target price on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Royal Bank of Canada upped their price objective on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. 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 presently has a consensus rating of "Moderate Buy" and an average price target 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.