Emerson Electric Co. $EMR Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,405 shares of the industrial products company’s stock after selling 464 shares during the quarter. Securian Asset Management Inc.’s holdings in Emerson Electric were worth $3,921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Nuveen LLC purchased a new position in Emerson Electric during the first quarter valued at $737,318,000. Pacer Advisors Inc. lifted its holdings in Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock valued at $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock valued at $270,672,000 after purchasing an additional 1,693,999 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Emerson Electric by 19.5% during the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after purchasing an additional 1,499,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Emerson Electric by 210.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after buying an additional 1,333,839 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EMR. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Citigroup raised their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, KeyCorp raised their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.28.

Emerson Electric Price Performance

Shares of EMR stock opened at $132.29 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm’s 50-day moving average is $131.88 and its two-hundred day moving average is $126.36. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a market capitalization of $74.45 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion for the quarter. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend 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.