Elo Mutual Pension Insurance Co Sells 3,064 Shares of Emerson Electric Co. (NYSE:EMR)

Elo Mutual Pension Insurance Co trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,981 shares of the industrial products company’s stock after selling 3,064 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Emerson Electric were worth $5,396,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after buying an additional 1,786,583 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after acquiring an additional 1,488,948 shares during the period. Swedbank AB acquired a new stake in shares of Emerson Electric in the first quarter valued at about $129,670,000. Clean Energy Transition LLP increased its stake in shares of Emerson Electric by 110.7% in the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after purchasing an additional 990,615 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $61,304,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.2 %

Shares of EMR opened at $103.70 on Thursday. The company has a market capitalization of $59.33 billion, a P/E ratio of 5.55, a PEG ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The business’s 50 day simple moving average is $107.39 and its 200-day simple moving average is $109.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.03%. Emerson Electric’s payout ratio is 11.24%.

Analyst Ratings Changes

EMR has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Redburn Atlantic started coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Finally, Royal Bank of Canada cut their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Company 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.