Skandinaviska Enskilda Banken AB publ Raises Stock Position in Emerson Electric Co. (NYSE:EMR)

Skandinaviska Enskilda Banken AB publ lifted its position in Emerson Electric Co. (NYSE:EMR) by 0.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,676 shares of the industrial products company’s stock after purchasing an additional 400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Emerson Electric were worth $12,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the 1st quarter worth $31,000. Meeder Asset Management Inc. lifted its stake in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Security National Bank bought a new position in Emerson Electric during the 4th quarter worth about $29,000. Tributary Capital Management LLC bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $35,000. Finally, Cape Investment Advisory Inc. lifted its position in shares of Emerson Electric by 148.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares during the period. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Robert W. Baird boosted 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. Wells Fargo & Company dropped their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic started coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. Finally, Royal Bank of Canada lowered their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

Emerson Electric Price Performance

Shares of EMR opened at $105.16 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The company’s fifty day moving average price is $107.04 and its 200-day moving average price is $109.45. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The firm has a market capitalization of $60.16 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

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.