TD Asset Management Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,273,108 shares of the industrial products company’s stock after selling 147,557 shares during the period. TD Asset Management Inc. owned approximately 0.20% of Emerson Electric worth $76,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EMR. Bank of New York Mellon Corp grew its position in shares of Emerson Electric by 3,146,008.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after purchasing an additional 9,375,106 shares in the last quarter. Vanguard Group Inc grew its position in shares of Emerson Electric by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after purchasing an additional 1,214,362 shares in the last quarter. Capital World Investors grew its position in shares of Emerson Electric by 7.0% during the 3rd quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock valued at $1,167,856,000 after purchasing an additional 1,000,000 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Emerson Electric by 424.9% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 792,956 shares of the industrial products company’s stock valued at $60,725,000 after purchasing an additional 641,890 shares in the last quarter. Finally, FMR LLC grew its position in shares of Emerson Electric by 22.2% during the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock valued at $237,202,000 after purchasing an additional 622,701 shares in the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

NYSE:EMR traded down $0.12 during midday trading on Monday, hitting $66.62. The company had a trading volume of 47,826 shares, compared to its average volume of 4,107,377. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.62 and a current ratio of 0.88. The firm has a market capitalization of $41.02 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. Emerson Electric Co. has a 52-week low of $55.38 and a 52-week high of $79.70.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, sell-side analysts forecast that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 15th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, February 14th. Emerson Electric’s dividend payout ratio is presently 57.99%.

A number of research firms have recently commented on EMR. Citigroup upgraded shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price target for the company in a research report on Monday, January 14th. Gordon Haskett lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Stephens reiterated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research report on Sunday, January 6th. Cowen reiterated a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research report on Tuesday, November 6th. Finally, Zacks Investment Research lowered shares of Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $76.28.

In other Emerson Electric news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $68.00, for a total value of $616,760.00. Following the completion of the sale, the insider now directly owns 20,000 shares of the company’s stock, valued at $1,360,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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