Healthcare of Ontario Pension Plan Trust Fund Increases Stake in Emerson Electric Co. (NYSE:EMR)

Healthcare of Ontario Pension Plan Trust Fund increased its position in Emerson Electric Co. (NYSE:EMR) by 1,796.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 495,000 shares of the industrial products company’s stock after acquiring an additional 468,898 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.09% of Emerson Electric worth $54,138,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EMR. New Covenant Trust Company N.A. purchased a new position in Emerson Electric during the 1st quarter valued at about $55,000. Virtu Financial LLC purchased a new position in shares of Emerson Electric during the first quarter worth about $968,000. Atria Investments Inc grew its holdings in shares of Emerson Electric by 48.5% during the first quarter. Atria Investments Inc now owns 50,626 shares of the industrial products company’s stock worth $5,741,000 after purchasing an additional 16,525 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Emerson Electric by 446.5% during the first quarter. Cetera Investment Advisers now owns 195,095 shares of the industrial products company’s stock worth $22,128,000 after purchasing an additional 159,395 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Emerson Electric by 24.6% during the first quarter. Cetera Advisors LLC now owns 68,057 shares of the industrial products company’s stock worth $7,719,000 after purchasing an additional 13,434 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EMR. Morgan Stanley began coverage on Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Barclays boosted their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $132.62 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company has a market cap of $75.62 billion, a PE ratio of 38.78, a P/E/G ratio of 2.23 and a beta of 1.30. The business has a 50 day moving average of $115.79 and a 200 day moving average of $111.15. Emerson Electric Co. has a 52 week low of $87.55 and a 52 week high of $134.17.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Transactions at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

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.