Emerson Electric Co. $EMR Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its stake in Emerson Electric Co. by 13.7%, resulting in holdings of 20,102 shares valued at approximately $2.2 million.
• Emerson Electric reported $1.52 earnings per share for the quarter, slightly exceeding analyst expectations, while total revenue for the period was $4.55 billion.
• The company has announced a quarterly dividend of $0.5275 per share, representing an annualized dividend yield of 1.6%.

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,102 shares of the industrial products company's stock after selling 3,196 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Emerson Electric were worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Wellington Management Group LLP increased its stake in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. Korea Investment CORP increased its stake in shares of Emerson Electric by 0.7% during the 1st quarter. Korea Investment CORP now owns 399,140 shares of the industrial products company's stock worth $43,762,000 after purchasing an additional 2,913 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Emerson Electric by 14.4% in the 1st quarter. Aptus Capital Advisors LLC now owns 18,425 shares of the industrial products company's stock worth $2,020,000 after acquiring an additional 2,313 shares during the period. Watts Gwilliam & Co. LLC grew its stake in Emerson Electric by 1.0% in the 1st quarter. Watts Gwilliam & Co. LLC now owns 12,191 shares of the industrial products company's stock worth $1,337,000 after acquiring an additional 115 shares during the period. Finally, Brooklyn Investment Group grew its stake in Emerson Electric by 272.4% in the 1st quarter. Brooklyn Investment Group now owns 4,744 shares of the industrial products company's stock worth $520,000 after acquiring an additional 3,470 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.0%

Shares of EMR traded down $1.2850 during mid-day trading on Monday, reaching $132.4850. The company had a trading volume of 2,123,215 shares, compared to its average volume of 3,160,060. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market cap of $74.56 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.61 and a beta of 1.32. The firm has a fifty day simple moving average of $137.06 and a 200-day simple moving average of $121.85. 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 posted its earnings results 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 business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's payout ratio is presently 45.38%.

Wall Street Analysts Forecast Growth

Several analysts have commented on EMR shares. Wall Street Zen raised shares of Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Stephens lifted their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. KeyCorp lifted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Robert W. Baird lowered their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

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.