Intact Investment Management Inc. Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Intact Investment Management Inc. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,290 shares of the industrial products company’s stock after purchasing an additional 3,200 shares during the period. Intact Investment Management Inc.’s holdings in Emerson Electric were worth $8,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the first quarter worth about $31,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $33,000. Versant Capital Management Inc increased its holdings in shares of Emerson Electric by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in shares of Emerson Electric in the 3rd quarter valued at $44,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EMR has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Robert W. Baird lifted their price objective on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Barclays decreased their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley began coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.47.

Emerson Electric Stock Up 0.5 %

Shares of NYSE:EMR opened at $109.01 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $62.43 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.66 and a beta of 1.30. The business has a 50-day moving average price of $106.66 and a 200 day moving average price of $108.85. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. Emerson Electric’s dividend payout ratio (DPR) is 70.47%.

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.