Forsta AP Fonden Sells 5,700 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• Forsta AP Fonden has reduced its stake in Emerson Electric Co. by 4.9%, holding 109,700 shares valued at $12.03 million after selling 5,700 shares during the first quarter.
• Analysts have set a consensus target price of $142.39 for Emerson Electric, with ratings ranging from sell to strong buy, reflecting mixed expectations for the stock.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, which will be paid on September 10, indicating a 1.6% dividend yield.

Forsta AP Fonden reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,700 shares of the industrial products company's stock after selling 5,700 shares during the period. Forsta AP Fonden's holdings in Emerson Electric were worth $12,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Hohimer Wealth Management LLC raised its position in Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock valued at $3,066,000 after buying an additional 95 shares during the last quarter. Clearstead Trust LLC increased its holdings in shares of Emerson Electric by 7.4% during the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock worth $154,000 after acquiring an additional 97 shares during the last quarter. One Wealth Advisors LLC increased its holdings in shares of Emerson Electric by 5.7% during the 1st quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after acquiring an additional 99 shares during the last quarter. Ecofi Investissements SA increased its holdings in shares of Emerson Electric by 0.3% during the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock worth $4,111,000 after acquiring an additional 100 shares during the last quarter. Finally, J. W. Coons Advisors LLC increased its holdings in shares of Emerson Electric by 0.8% during the 1st quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock worth $1,425,000 after acquiring an additional 100 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on EMR shares. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. 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 report on Wednesday, July 2nd. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric Stock Up 0.8%

Emerson Electric stock traded up $1.04 during trading on Wednesday, hitting $133.99. 1,166,914 shares of the company were exchanged, compared to its average volume of 3,167,980. The business's 50 day moving average is $135.86 and its 200 day moving average is $121.68. The company has a market capitalization of $75.41 billion, a P/E ratio of 28.82, a PEG ratio of 2.57 and a beta of 1.32. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 14.34% and a net margin of 14.92%. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. 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 announced 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. 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%.

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.