Connor Clark & Lunn Investment Management Ltd. Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 42.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 97,078 shares of the industrial products company’s stock after selling 70,579 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Emerson Electric were worth $12,031,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EMR. Raymond James Financial Inc. purchased a new position in Emerson Electric during the fourth quarter valued at $297,947,000. State Street Corp grew its stake in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after buying an additional 1,426,718 shares in the last quarter. Swedbank AB grew its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Finally, Sarasin & Partners LLP grew its stake in shares of Emerson Electric by 120.6% in the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after buying an additional 965,731 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 2.7 %

NYSE:EMR opened at $112.11 on Friday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market cap of $63.22 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a 50-day simple moving average of $122.37 and a 200-day simple moving average of $118.75.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities analysts anticipate 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. Stockholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.28.

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.