Emerson Electric Co. $EMR Shares Sold by National Pension Service

National Pension Service lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,364,918 shares of the industrial products company’s stock after selling 10,725 shares during the quarter. National Pension Service’s holdings in Emerson Electric were worth $181,985,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Saudi Central Bank purchased a new stake in Emerson Electric in the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric during the first quarter valued at approximately $27,000. PFS Partners LLC lifted its stake in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Emerson Electric during the 2nd quarter worth $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EMR shares. Stephens raised their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Jefferies Financial Group cut their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays raised their target price on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price target on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.00.

Emerson Electric Price Performance

NYSE:EMR opened at $132.40 on Thursday. The firm’s 50-day simple moving average is $132.35 and its 200 day simple moving average is $130.33. The firm has a market cap of $74.51 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 2.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

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

Emerson Electric announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 5th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.555 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is currently 54.95%.

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.