OMERS ADMINISTRATION Corp Has $2.95 Million Holdings in Emerson Electric Co. (NYSE:EMR)

OMERS ADMINISTRATION Corp increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 20.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,827 shares of the industrial products company's stock after buying an additional 4,041 shares during the period. OMERS ADMINISTRATION Corp's holdings in Emerson Electric were worth $2,953,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Brookstone Capital Management boosted its holdings in shares of Emerson Electric by 57.2% in the 4th quarter. Brookstone Capital Management now owns 18,833 shares of the industrial products company's stock valued at $2,334,000 after buying an additional 6,855 shares during the period. Wedmont Private Capital lifted its position in Emerson Electric by 7.6% in the 4th quarter. Wedmont Private Capital now owns 5,324 shares of the industrial products company's stock valued at $628,000 after purchasing an additional 374 shares during the last quarter. Mayfair Advisory Group LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $239,000. SeaCrest Wealth Management LLC lifted its position in Emerson Electric by 6.2% in the 4th quarter. SeaCrest Wealth Management LLC now owns 11,086 shares of the industrial products company's stock valued at $1,374,000 after purchasing an additional 651 shares during the last quarter. Finally, Pines Wealth Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $204,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 0.3%

Emerson Electric stock traded up $0.33 during trading hours on Friday, hitting $120.58. The company had a trading volume of 2,712,218 shares, compared to its average volume of 2,908,690. The firm has a market capitalization of $67.83 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm's fifty day moving average is $107.40 and its 200-day moving average is $118.87. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, May 16th. Emerson Electric's dividend payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EMR shares. Barclays boosted their price target on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Citigroup boosted their price target 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. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, 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 research report on Thursday, February 6th. Two 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's stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of "Moderate Buy" and an average price target of $132.24.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

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.