Swedbank AB Buys 1,424,800 Shares of Emerson Electric Co. (NYSE:EMR)

Swedbank AB lifted its stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 127.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,544,439 shares of the industrial products company’s stock after purchasing an additional 1,424,800 shares during the quarter. Swedbank AB owned about 0.44% of Emerson Electric worth $278,285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Newport Trust Company LLC bought a new position in Emerson Electric in the 2nd quarter valued at about $574,908,000. Perpetual Ltd lifted its position 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 valued at $131,918,000 after acquiring an additional 1,204,058 shares in the last quarter. Clean Energy Transition LLP lifted its position 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 valued at $213,817,000 after acquiring an additional 990,615 shares in the last quarter. Sarasin & Partners LLP bought a new position in Emerson Electric in the 3rd quarter valued at about $87,551,000. Finally, Renaissance Technologies LLC bought a new position in Emerson Electric in the 2nd quarter valued at about $61,304,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 2.7 %

Shares of Emerson Electric stock traded down $2.99 during trading on Tuesday, hitting $109.65. The stock had a trading volume of 1,447,514 shares, compared to its average volume of 2,711,915. The firm’s fifty day simple moving average is $105.15 and its 200-day simple moving average is $109.24. The stock has a market cap of $62.73 billion, a PE ratio of 6.03, a PEG 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 Co. has a 12 month low of $83.10 and a 12 month high of $119.53.

Emerson Electric (NYSE:EMRGet Free Report) last announced 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 company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the business posted $1.29 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. Emerson Electric’s payout ratio is 11.24%.

Analysts Set New Price Targets

EMR has been the topic of several recent research reports. Morgan Stanley initiated 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. Royal Bank of Canada dropped their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Barclays dropped 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 report on Thursday, August 8th. Finally, Robert W. Baird raised their price target 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.59.

View Our Latest Stock Report on EMR

Emerson Electric Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding EMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Emerson Electric Co. (NYSE:EMRFree Report).

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

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.