Royal Bank of Canada Has $410.21 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Royal Bank of Canada increased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,309,998 shares of the industrial products company's stock after purchasing an additional 299,929 shares during the quarter. Royal Bank of Canada owned 0.58% of Emerson Electric worth $410,207,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock valued at $6,634,837,000 after purchasing an additional 384,313 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric during the fourth quarter worth $885,886,000. Northern Trust Corp lifted its holdings in shares of Emerson Electric by 5.9% during the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after buying an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock worth $542,379,000 after buying an additional 171,946 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Wells Fargo & Company boosted their price target on Emerson Electric from $110.00 to $121.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday. Morgan Stanley upped their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Finally, Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price target for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $132.24.

Emerson Electric Trading Down 1.4%

Shares of EMR stock traded down $1.63 during mid-day trading on Tuesday, hitting $117.95. 2,770,618 shares of the company's stock were exchanged, compared to its average volume of 2,911,334. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The stock has a market cap of $66.35 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.49 and a beta of 1.26. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $107.58 and a two-hundred day simple moving average of $119.09.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 EPS. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company 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 1.79%. The ex-dividend date is Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Emerson Electric 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.