Canada Pension Plan Investment Board decreased its holdings in shares of Emerson Electric Company (NYSE:EMR) by 73.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,100 shares of the industrial products company’s stock after selling 313,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Emerson Electric were worth $6,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Washington Trust Bank grew its position in shares of Emerson Electric by 0.4% during the 2nd quarter. Washington Trust Bank now owns 4,040 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 16 shares in the last quarter. RB Capital Management LLC grew its position in shares of Emerson Electric by 0.6% during the 2nd quarter. RB Capital Management LLC now owns 4,475 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 26 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Emerson Electric by 1.1% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 28 shares in the last quarter. Busey Trust CO grew its position in shares of Emerson Electric by 0.5% during the 2nd quarter. Busey Trust CO now owns 6,834 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 31 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. grew its position in shares of Emerson Electric by 0.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 6,978 shares of the industrial products company’s stock valued at $416,000 after purchasing an additional 41 shares in the last quarter. 70.03% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Emerson Electric from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $67.00 target price (up from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank reiterated a “sell” rating and issued a $53.00 target price on shares of Emerson Electric in a research report on Friday, August 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 target price on shares of Emerson Electric in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Emerson Electric has an average rating of “Hold” and an average price target of $60.68.

In related news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the completion of the transaction, the insider now directly owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by insiders.

Shares of Emerson Electric Company (NYSE:EMR) opened at 63.70 on Friday. The firm’s 50-day moving average is $61.17 and its 200 day moving average is $59.90. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The stock has a market capitalization of $40.77 billion, a price-to-earnings ratio of 28.42 and a beta of 1.22.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the company posted $0.68 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 9th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.01%. Emerson Electric’s dividend payout ratio is presently 85.33%.

TRADEMARK VIOLATION WARNING: This news story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/10/07/canada-pension-plan-investment-board-has-6-80-million-holdings-in-emerson-electric-company-emr.html.

Emerson Electric Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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

Receive News & Stock Ratings for Emerson Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric Company and related stocks with our FREE daily email newsletter.