E. Ohman J or Asset Management AB Sells 1,350 Shares of Emerson Electric Co. (NYSE:EMR)

E. Ohman J or Asset Management AB lessened its holdings in Emerson Electric Co. (NYSE:EMR) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,210 shares of the industrial products company’s stock after selling 1,350 shares during the period. E. Ohman J or Asset Management AB’s holdings in Emerson Electric were worth $2,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Emerson Electric in the fourth quarter valued at about $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric during the fourth quarter worth about $28,000. Ameriflex Group Inc. bought a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EMR shares. Barclays boosted their price target on Emerson Electric from $104.00 to $112.00 and gave the stock an “underweight” rating in a report on Friday, May 30th. Royal Bank of Canada boosted their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. KeyCorp reduced their price target on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price objective on Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Finally, Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.65.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Price Performance

Shares of EMR opened at $123.68 on Friday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business’s 50 day moving average price is $109.70 and its two-hundred day moving average price is $118.57. The firm has a market cap of $69.57 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The firm had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Emerson Electric Company 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.