CANADA LIFE ASSURANCE Co Reduces Position in Emerson Electric Co. (NYSE:EMR)

CANADA LIFE ASSURANCE Co lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 276,752 shares of the industrial products company’s stock after selling 14,597 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Emerson Electric were worth $34,300,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new position in Emerson Electric in the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new position in Emerson Electric in the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.9 %

Shares of EMR stock opened at $99.55 on Friday. The stock has a market cap of $56.14 billion, a P/E ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. The company’s fifty day simple moving average is $111.55 and its two-hundred day simple moving average is $118.95. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EMR shares. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Morgan Stanley upped their price target 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, Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric Company 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.