AMF Tjanstepension AB Has $94.71 Million Stock Position in Emerson Electric Co. $EMR

Key Points

• AMF Tjanstepension AB has reduced its stake in Emerson Electric Co. by 24.1%, now holding approximately 710,080 shares valued at $94.71 million.
• Several analysts have upgraded their price targets for Emerson Electric, with recommendations ranging from "equal weight" to "strong buy."
• Emerson Electric recently reported earnings of $1.52 per share, exceeding expectations and showing a revenue increase of 3.9% year-over-year, although the revenue fell short of analysts' forecasts.

AMF Tjanstepension AB lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 24.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 710,080 shares of the industrial products company's stock after selling 226,067 shares during the quarter. AMF Tjanstepension AB owned about 0.13% of Emerson Electric worth $94,708,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in shares of Emerson Electric by 2.7% in the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after buying an additional 5,504 shares in the last quarter. North Capital Inc. bought a new stake in shares of Emerson Electric in the 1st quarter valued at $211,000. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric in the 2nd quarter valued at $692,000. Golden State Equity Partners bought a new stake in shares of Emerson Electric in the 1st quarter valued at $459,000. Finally, Truist Financial Corp increased its position in shares of Emerson Electric by 1.7% in the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock valued at $118,259,000 after buying an additional 18,069 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the subject of a number of recent analyst reports. Stephens upped their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.88.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $134.79 on Friday. The stock has a market capitalization of $75.86 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.34 and a beta of 1.29. The business has a 50-day moving average of $134.13 and a 200-day moving average of $124.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Emerson Electric 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.

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