Emerson Electric Co. (NYSE:EMR) Stake Lifted by National Pension Service

National Pension Service raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 14.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,590,154 shares of the industrial products company’s stock after purchasing an additional 197,865 shares during the quarter. National Pension Service’s holdings in Emerson Electric were worth $173,915,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC purchased a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $574,908,000. Pathway Financial Advisers LLC lifted its position in Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. Swedbank AB raised its holdings in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in shares of Emerson Electric by 57,336.1% during the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock valued at $131,918,000 after purchasing an additional 1,204,058 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lowered their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Redburn Atlantic began coverage on shares of Emerson Electric in a research report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $125.53.

Emerson Electric Trading Up 1.2 %

Shares of EMR opened at $109.81 on Tuesday. The business’s 50-day moving average price is $106.76 and its 200-day moving average price is $108.86. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The stock has a market cap of $62.89 billion, a PE ratio of 36.85, a P/E/G ratio of 1.66 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the business earned $1.29 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is 70.47%.

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.