Emerson Electric Co. $EMR Holdings Cut by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Emerson Electric by 22.5%, selling 26,600 shares and ending the quarter with 91,873 shares valued at approximately $10 million.
• In the first quarter, several institutional investors increased their positions in Emerson Electric, with National Pension Service raising its stake by 8.8%, owning over 1.37 million shares valued at $150.8 million.
• Analysts are generally optimistic about Emerson Electric, with an average rating of "Moderate Buy" and a target price of $142.39, as the stock continues to attract institutional interest despite recent stake reductions.

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 22.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,873 shares of the industrial products company's stock after selling 26,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Emerson Electric were worth $10,073,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC purchased a new position in Emerson Electric during the 1st quarter valued at about $737,318,000. Northern Trust Corp raised its position in Emerson Electric by 5.9% during the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after acquiring an additional 370,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Emerson Electric by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock valued at $478,710,000 after purchasing an additional 339,355 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Emerson Electric by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock valued at $415,912,000 after purchasing an additional 579,653 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada raised their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Citigroup raised their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Trading Down 0.6%

Shares of NYSE EMR traded down $0.7950 during midday trading on Wednesday, hitting $130.7950. The stock had a trading volume of 2,062,203 shares, compared to its average volume of 3,883,807. 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 1-year low of $90.06 and a 1-year high of $150.27. The company has a market capitalization of $73.61 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.57 and a beta of 1.32. The company has a fifty day moving average price of $136.83 and a 200 day moving average price of $121.85.

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

Emerson Electric Announces Dividend

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