Emerson Electric Company (EMR) Holdings Lifted by Nordea Investment Management AB
Nordea Investment Management AB boosted its holdings in Emerson Electric Company (NYSE:EMR) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,436 shares of the industrial products company’s stock after buying an additional 320 shares during the period. Nordea Investment Management AB’s holdings in Emerson Electric were worth $8,015,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in Emerson Electric in the 1st quarter worth approximately $127,000. AT Bancorp bought a new position in Emerson Electric in the 2nd quarter worth approximately $139,000. Harbour Capital Advisors LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $147,000. Guardian Life Insurance Co. of America increased its position in Emerson Electric by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock worth $149,000 after buying an additional 28 shares during the period. Finally, Perkins Coie Trust Co bought a new position in Emerson Electric in the 2nd quarter worth approximately $150,000. 70.18% of the stock is currently owned by institutional investors.
In related news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total value of $117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at approximately $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.79% of the stock is owned by insiders.
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Shares of Emerson Electric Company (NYSE EMR) opened at $59.85 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The company has a market capitalization of $38,305.20, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.73 and a beta of 1.24. Emerson Electric Company has a one year low of $53.92 and a one year high of $67.79.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. Emerson Electric’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. equities analysts forecast that Emerson Electric Company will post 2.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 17th will be paid a $0.485 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 3.24%. Emerson Electric’s payout ratio is currently 82.55%.
EMR has been the topic of several recent analyst reports. Cowen and Company raised Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Zacks Investment Research downgraded Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 price target on shares of Emerson Electric in a research report on Friday, November 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $62.00 price target (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $72.00 price target (up from $68.00) on shares of Emerson Electric in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $65.14.
Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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