Emerson Electric Company (EMR) Position Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Emerson Electric Company (NYSE:EMR) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,436 shares of the industrial products company’s stock after purchasing an additional 8,831 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Emerson Electric were worth $10,396,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in Emerson Electric during the 2nd quarter worth approximately $109,000. Intellectus Partners LLC increased its stake in Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock worth $125,000 after buying an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in Emerson Electric during the 2nd quarter worth approximately $129,000. AT Bancorp purchased a new stake in Emerson Electric during the 2nd quarter worth approximately $139,000. Finally, Cable Hill Partners LLC purchased a new stake in Emerson Electric during the 3rd quarter worth approximately $151,000. Hedge funds and other institutional investors own 69.16% of the company’s stock.
Emerson Electric Company (NYSE EMR) opened at $69.75 on Thursday. Emerson Electric Company has a twelve month low of $55.40 and a twelve month high of $69.84. The company has a market capitalization of $44,770.00, a P/E ratio of 27.25, a P/E/G ratio of 3.13 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. equities analysts anticipate that Emerson Electric Company will post 2.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were issued a $0.485 dividend. The ex-dividend date was Thursday, November 16th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 2.78%. Emerson Electric’s dividend payout ratio is currently 75.78%.
In related news, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $66.36, for a total value of $498,894.48. Following the transaction, the vice president now owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock worth $1,771,129 over the last quarter. 0.84% of the stock is currently owned by insiders.
Several research firms have commented on EMR. Cowen reiterated a “buy” rating and set a $72.00 price objective on shares of Emerson Electric in a research note on Wednesday, December 20th. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a research note on Monday, December 11th. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $67.00 price target (up from $64.00) on shares of Emerson Electric in a research report on Monday, October 2nd. Finally, Citigroup set a $61.00 price target on Emerson Electric and gave the company a “sell” rating in a research report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Emerson Electric presently has an average rating of “Hold” and an average price target of $65.86.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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