Emerson Electric Co. (NYSE:EMR) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the 1st quarter, HoldingsChannel reports. The fund owned 1,606,300 shares of the industrial products company’s stock after selling 11,500 shares during the period. Swiss National Bank’s holdings in Emerson Electric were worth $176,115,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EMR. AlphaCore Capital LLC grew its position in Emerson Electric by 33.4% in the first quarter. AlphaCore Capital LLC now owns 6,895 shares of the industrial products company’s stock valued at $756,000 after acquiring an additional 1,727 shares in the last quarter. Flagship Wealth Advisors LLC grew its position in Emerson Electric by 4.0% in the first quarter. Flagship Wealth Advisors LLC now owns 2,600 shares of the industrial products company’s stock valued at $285,000 after acquiring an additional 100 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Emerson Electric by 9.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,117,165 shares of the industrial products company’s stock valued at $122,486,000 after acquiring an additional 94,190 shares in the last quarter. WealthPLAN Partners LLC grew its position in Emerson Electric by 0.9% in the first quarter. WealthPLAN Partners LLC now owns 34,212 shares of the industrial products company’s stock valued at $3,751,000 after acquiring an additional 296 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in Emerson Electric by 122.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 27,181 shares of the industrial products company’s stock valued at $2,980,000 after acquiring an additional 14,965 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EMR shares. Royal Bank Of Canada raised their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. KeyCorp lifted their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. TD Cowen upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird dropped their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $142.39.

Emerson Electric Stock Performance

EMR opened at $132.82 on Friday. The stock has a market cap of $74.75 billion, a PE ratio of 28.56, a P/E/G ratio of 2.58 and a beta of 1.32. The company has a current ratio of 0.85, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock’s 50 day simple moving average is $135.34 and its 200-day simple moving average is $121.71.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the previous year, the business posted $1.43 earnings per share. Emerson Electric’s quarterly revenue was up 3.9% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 annualized dividend and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

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.