TD Asset Management Inc. raised its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,606,857 shares of the company’s stock after buying an additional 7,426 shares during the period. TD Asset Management Inc.’s holdings in Emerson Electric were worth $87,590,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of EMR. Baxter Bros Inc. purchased a new stake in Emerson Electric during the second quarter worth $759,000. Howland Capital Management LLC increased its stake in Emerson Electric by 0.9% in the second quarter. Howland Capital Management LLC now owns 13,616 shares of the company’s stock worth $710,000 after buying an additional 126 shares during the last quarter. Pensionfund DSM Netherlands purchased a new stake in Emerson Electric during the second quarter worth $4,329,000. Pensionfund Sabic purchased a new stake in Emerson Electric during the second quarter worth $1,982,000. Finally, Integrated Investment Consultants LLC increased its stake in Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock worth $132,000 after buying an additional 1,262 shares during the last quarter. 70.17% of the stock is owned by institutional investors.
Emerson Electric Co. (NYSE:EMR) opened at 54.43 on Tuesday. The company has a market capitalization of $34.99 billion, a PE ratio of 21.60 and a beta of 1.14. The company has a 50-day moving average price of $51.98 and a 200 day moving average price of $52.79. Emerson Electric Co. has a 52-week low of $41.25 and a 52-week high of $56.82.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 11th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, November 8th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.53%. Emerson Electric’s dividend payout ratio (DPR) is 76.19%.
Several research analysts have recently commented on EMR shares. Stifel Nicolaus decreased their price objective on Emerson Electric from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Barclays PLC decreased their price objective on Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 3rd. Citigroup Inc. decreased their price objective on Emerson Electric from $49.00 to $48.00 and set a “sell” rating on the stock in a report on Wednesday, August 3rd. Vetr downgraded Emerson Electric from a “sell” rating to a “strong sell” rating and set a $44.20 price objective on the stock. in a report on Monday, November 7th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $50.00 price objective on shares of Emerson Electric in a report on Monday, August 29th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. Emerson Electric has a consensus rating of “Hold” and an average target price of $51.75.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.