Emerson Electric Co. $EMR Shares Bought by Swedbank AB

Swedbank AB grew its holdings in Emerson Electric Co. (NYSE:EMR) by 0.2% in the third quarter, Holdings Channel reports. The institutional investor owned 2,961,519 shares of the industrial products company’s stock after acquiring an additional 5,559 shares during the quarter. Swedbank AB’s holdings in Emerson Electric were worth $388,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Saudi Central Bank purchased a new stake in Emerson Electric in the 1st quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at about $29,000. Winnow Wealth LLC purchased a new stake in shares of Emerson Electric during the second quarter worth about $34,000. PFS Partners LLC raised its position in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Finally, Traub Capital Management LLC purchased a new position in Emerson Electric in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.5%

Shares of EMR stock opened at $135.61 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company’s 50-day moving average price is $132.68 and its 200-day moving average price is $133.82. The stock has a market cap of $76.25 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.20 and a beta of 1.26.

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 12.73% and a return on equity of 15.87%. The company had revenue of $3.16 billion for the quarter. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.6%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 14th. Emerson Electric’s payout ratio is 54.95%.

Emerson Electric declared that its Board of Directors has authorized a stock buyback program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

EMR has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wolfe Research boosted their price target on Emerson Electric from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays raised their price target on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $149.06.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the transaction, the chief executive officer owned 196,292 shares of the company’s stock, valued at $26,106,836. This represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

Emerson Electric Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.