Emerson Electric Co. (NYSE:EMR) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 58.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,809 shares of the industrial products company's stock after selling 47,137 shares during the quarter. Desjardins Global Asset Management Inc.'s holdings in Emerson Electric were worth $3,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RB Capital Management LLC grew its stake in shares of Emerson Electric by 3.0% in the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company's stock worth $525,000 after purchasing an additional 155 shares during the last quarter. Fairfield Bush & CO. bought a new stake in shares of Emerson Electric in the first quarter worth about $116,000. Prudential PLC bought a new stake in shares of Emerson Electric in the first quarter worth about $1,215,000. Sequoia Financial Advisors LLC grew its stake in shares of Emerson Electric by 17.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company's stock worth $934,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Brighton Jones LLC grew its stake in shares of Emerson Electric by 31.8% in the first quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company's stock worth $378,000 after purchasing an additional 931 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on EMR. KeyCorp raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Berenberg Bank lifted their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Royal Bank of Canada boosted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Wells Fargo & Company boosted their price target on Emerson Electric from $100.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 19th. Finally, UBS Group boosted their price target on Emerson Electric from $95.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.47.

Emerson Electric Price Performance

EMR stock traded down $0.28 during trading on Tuesday, reaching $111.49. The company's stock had a trading volume of 2,326,196 shares, compared to its average volume of 2,676,103. The company's fifty day moving average is $109.62 and its 200-day moving average is $98.53. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The company has a market capitalization of $63.64 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. On average, research analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric's dividend payout ratio (DPR) is presently 10.94%.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company's stock, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company's stock.

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.