Emerson Electric Co. (EMR) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in Emerson Electric Co. (NYSE:EMR) by 16.0% during the 1st quarter, HoldingsChannel reports. The fund owned 466,467 shares of the industrial products company’s stock after acquiring an additional 64,216 shares during the period. Toronto Dominion Bank’s holdings in Emerson Electric were worth $31,930,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Massey Quick Simon & CO. LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Emerson Electric during the first quarter worth approximately $34,000. Laurel Wealth Advisors LLC bought a new stake in Emerson Electric during the fourth quarter worth approximately $36,000. Legacy Advisors LLC bought a new stake in Emerson Electric during the first quarter worth approximately $41,000. Finally, Buffington Mohr McNeal bought a new stake in Emerson Electric during the first quarter worth approximately $41,000. Institutional investors and hedge funds own 73.06% of the company’s stock.

EMR has been the topic of several analyst reports. Cowen reissued a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a research note on Wednesday, January 30th. Credit Suisse Group boosted their price objective on Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Morgan Stanley set a $77.00 price objective on Emerson Electric and gave the stock a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, April 2nd. Finally, Citigroup raised Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $67.00 to $81.00 in a research note on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $76.41.

Shares of EMR traded down $0.59 during mid-day trading on Wednesday, reaching $64.74. 26,152 shares of the company’s stock traded hands, compared to its average volume of 3,341,287. The stock has a market cap of $39.84 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.07 and a beta of 1.23. Emerson Electric Co. has a 12 month low of $55.38 and a 12 month high of $79.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 1.07.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, May 7th. The industrial products company reported $0.84 EPS for the quarter, meeting analysts’ consensus estimates of $0.84. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 12.81%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. As a group, analysts predict that Emerson Electric Co. will post 3.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.03%. Emerson Electric’s dividend payout ratio is 57.99%.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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