Emerson Electric Co. (NYSE:EMR) Shares Sold by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. has reduced its holdings in Emerson Electric Co. by 3.5%, now owning 141,765 shares valued at approximately $15.54 million.
• Emerson Electric reported a quarterly EPS of $1.52, slightly exceeding the consensus estimate, and had revenue of $4.55 billion for the quarter.
• The company announced a quarterly dividend of $0.5275 per share, with a yield of 1.6%, payable on September 10th.

Triglav Skladi D.O.O. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,765 shares of the industrial products company's stock after selling 5,195 shares during the period. Emerson Electric makes up about 1.3% of Triglav Skladi D.O.O.'s portfolio, making the stock its 21st largest holding. Triglav Skladi D.O.O.'s holdings in Emerson Electric were worth $15,543,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. S Bank Fund Management Ltd acquired a new stake in Emerson Electric in the 1st quarter worth about $3,183,000. National Pension Service boosted its holdings in Emerson Electric by 8.8% in the 1st quarter. National Pension Service now owns 1,375,643 shares of the industrial products company's stock worth $150,825,000 after buying an additional 110,839 shares during the last quarter. Klingman & Associates LLC acquired a new stake in Emerson Electric in the 1st quarter worth about $391,000. MSH Capital Advisors LLC lifted its stake in Emerson Electric by 0.8% in the 1st quarter. MSH Capital Advisors LLC now owns 21,665 shares of the industrial products company's stock worth $2,375,000 after purchasing an additional 176 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in Emerson Electric in the 1st quarter worth approximately $69,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE:EMR opened at $133.06 on Wednesday. The company has a fifty day simple moving average of $135.86 and a two-hundred day simple moving average of $121.68. The company has a market cap of $74.89 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's dividend payout ratio is currently 45.38%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EMR. Bank of America raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. KeyCorp raised 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. Stephens lifted their price target 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. Finally, Royal Bank Of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.39.

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.

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