Swedbank AB Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Swedbank AB lifted its position in Emerson Electric Co. (NYSE:EMR) by 127.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,544,439 shares of the industrial products company’s stock after buying an additional 1,424,800 shares during the period. Swedbank AB’s holdings in Emerson Electric were worth $278,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EMR. Newport Trust Company LLC purchased a new position in shares of Emerson Electric in the 2nd quarter worth approximately $574,908,000. Perpetual Ltd boosted its stake in Emerson Electric by 57,336.1% in the 3rd quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after purchasing an additional 1,204,058 shares in the last quarter. Clean Energy Transition LLP boosted its stake in Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after purchasing an additional 990,615 shares in the last quarter. Sarasin & Partners LLP acquired a new stake in Emerson Electric in the 3rd quarter worth approximately $87,551,000. Finally, Renaissance Technologies LLC acquired a new stake in Emerson Electric in the 2nd quarter worth approximately $61,304,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada lowered their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Robert W. Baird lifted their target price on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Redburn Atlantic assumed coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Stock Performance

EMR traded down $2.99 during trading hours on Tuesday, hitting $109.65. 1,447,514 shares of the stock were exchanged, compared to its average volume of 2,711,915. The stock has a 50-day simple moving average of $105.15 and a 200-day simple moving average of $109.24. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The stock has a market cap of $62.73 billion, a price-to-earnings ratio of 6.03, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share 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 in the previous year, the business earned $1.29 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s dividend payout ratio (DPR) is presently 11.24%.

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.