Skandinaviska Enskilda Banken AB publ increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% during the third quarter, HoldingsChannel.com reports. The fund owned 613,183 shares of the industrial products company’s stock after acquiring an additional 1,169 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Emerson Electric were worth $46,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Emerson Electric by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock worth $1,600,277,000 after buying an additional 417,445 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Emerson Electric by 0.9% in the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock worth $659,617,000 after buying an additional 80,807 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Emerson Electric by 1.1% in the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after buying an additional 51,585 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Emerson Electric by 1.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after buying an additional 62,727 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Emerson Electric by 22.2% in the 2nd quarter. FMR LLC now owns 3,430,748 shares of the industrial products company’s stock worth $237,202,000 after buying an additional 622,701 shares during the last quarter. 70.33% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on EMR. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Thursday, July 19th. Cowen reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research note on Tuesday. Barclays upped their price objective on shares of Emerson Electric from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 9th. Credit Suisse Group started coverage on shares of Emerson Electric in a research note on Friday, October 12th. They issued a “neutral” rating and a $78.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Emerson Electric in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $78.30.

Shares of Emerson Electric stock opened at $68.49 on Friday. Emerson Electric Co. has a 52-week low of $57.47 and a 52-week high of $79.70. The firm has a market capitalization of $43.91 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 0.97.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. As a group, equities research analysts forecast that Emerson Electric Co. will post 3.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.96 annualized dividend and a yield of 2.86%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s dividend payout ratio is presently 57.40%.

In other Emerson Electric news, President Edward L. Monser sold 30,000 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the sale, the president now owns 176,477 shares of the company’s stock, valued at approximately $13,384,015.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Edward L. Monser sold 60,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $76.10, for a total transaction of $4,566,000.00. Following the sale, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The disclosure for this sale can be found here. Insiders have sold a total of 96,409 shares of company stock valued at $7,317,004 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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