The Manufacturers Life Insurance Company reduced its holdings in Emerson Electric Co. (NYSE:EMR) by 3.7% during the fourth quarter, according to the company’s most recent filing with the Securities and Exchange Commission (SEC). The firm owned 644,741 shares of Emerson Electric stock after selling 24,850 shares during the quarter, representing 0.11% of the company’s stock worth $79,903,000.
Other institutional investors have also adjusted their stakes in EMR. Optiver Holding B.V. acquired a new position valued at $193,000, while Beacon Pointe Advisors LLC increased its stake by 2.6%. Whalerock Point Partners LLC and Bolthouse Investments LLC also acquired new stakes worth approximately $228,000 and $373,000, respectively. Mission Creek Capital Partners Inc. boosted its holdings by 2.9%.
Institutional Ownership and Stock Performance
Institutional investors own 74.30% of Emerson Electric’s stock. The company’s shares opened at $105.15 on Wednesday, with a one-year low of $90.06 and a one-year high of $134.85. Emerson Electric’s 50-day moving average price is $108.48, and its 200-day moving average price is $118.60.
Financial Metrics
The company has a market capitalization of $59.29 billion, a P/E ratio of 25.10, and a debt-to-equity ratio of 0.25. Emerson Electric’s current ratio is 1.54, and its quick ratio is 1.17. Analysts anticipate earnings per share of $5.96 for the current fiscal year.
Recent Earnings and Dividend
Emerson Electric reported $1.38 EPS for the quarter ending February 5th, surpassing analysts’ consensus estimates of $1.28. The company declared a quarterly dividend of $0.5275, paid on March 10th, representing an annualized dividend yield of 2.01%.
Analyst Ratings
Several equities analysts have issued reports on Emerson Electric. Royal Bank of Canada reaffirmed an ‘outperform’ rating with a $138.00 price target, while Morgan Stanley maintained an ‘underweight’ rating with a $112.00 price target. The stock currently has an average rating of ‘Moderate Buy’ with a consensus price target of $131.67.
