Emerson Electric Co. (NYSE:EMR) Shares Purchased by AMF Tjanstepension AB

AMF Tjanstepension AB increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,410 shares of the industrial products company’s stock after acquiring an additional 7,800 shares during the quarter. AMF Tjanstepension AB’s holdings in Emerson Electric were worth $12,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam boosted its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Security National Bank acquired a new position in Emerson Electric in the fourth quarter valued at about $29,000. Cape Investment Advisory Inc. lifted its position in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after buying an additional 188 shares during the last quarter. Burkett Financial Services LLC acquired a new position in Emerson Electric in the fourth quarter valued at about $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.7 %

Shares of EMR stock opened at $110.16 on Friday. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $116.76. The stock has a market cap of $63.02 billion, a P/E ratio of 5.89, a P/E/G ratio of 1.81 and a beta of 1.33. The business has a fifty day simple moving average of $110.00 and a 200-day simple moving average of $105.59. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. On average, analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, May 16th. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Mizuho upped their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Wells Fargo & Company upped their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America increased their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Loop Capital increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $122.76.

About Emerson Electric

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.