Toronto Dominion Bank Has $30.56 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Toronto Dominion Bank lowered its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. North Star Asset Management Inc. boosted its holdings in Emerson Electric by 1.4% in the fourth quarter. North Star Asset Management Inc. now owns 10,632 shares of the industrial products company's stock valued at $1,318,000 after purchasing an additional 150 shares during the last quarter. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $3,324,000. Neo Ivy Capital Management boosted its stake in shares of Emerson Electric by 436.2% during the 4th quarter. Neo Ivy Capital Management now owns 12,558 shares of the industrial products company's stock valued at $1,556,000 after buying an additional 10,216 shares during the last quarter. Vega Investment Solutions acquired a new stake in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Finally, Vise Technologies Inc. increased its stake in shares of Emerson Electric by 45.9% in the fourth quarter. Vise Technologies Inc. now owns 9,408 shares of the industrial products company's stock worth $1,166,000 after buying an additional 2,959 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's 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 sale, the chief executive officer now owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. KeyCorp reduced their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley increased their price target 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. Citigroup lifted their price target on Emerson Electric from $119.00 to $127.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Royal Bank of Canada lifted their target price 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 research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $133.06.

Emerson Electric Stock Performance

Shares of EMR traded up $0.12 during midday trading on Thursday, hitting $119.86. 1,988,453 shares of the stock traded hands, compared to its average volume of 2,924,250. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The business's 50 day moving average price is $108.47 and its two-hundred day moving average price is $118.96. The firm has a market capitalization of $67.42 billion, a PE ratio of 28.61, 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 earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Emerson Electric's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. Equities research analysts predict 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 will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. Emerson Electric's payout ratio is 50.48%.

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.