KLP Kapitalforvaltning AS Buys 12,800 Shares of Emerson Electric Co. $EMR

Key Points

• KLP Kapitalforvaltning AS increased its stake in Emerson Electric Co. by 4.3% in Q2, purchasing an additional 12,800 shares, bringing its total holdings to 313,313 shares valued at $41.77 million.
• Emerson Electric's quarterly earnings topped analysts' expectations, reporting $1.52 EPS, exceeding the consensus estimate of $1.51.
• Several analysts have upgraded Emerson Electric's stock rating, with Citigroup raising the target price from $146 to $165 while affirming a "buy" rating.

KLP Kapitalforvaltning AS raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 313,313 shares of the industrial products company's stock after purchasing an additional 12,800 shares during the quarter. KLP Kapitalforvaltning AS owned 0.06% of Emerson Electric worth $41,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EMR. Nuveen LLC bought a new stake in Emerson Electric in the 1st quarter worth $737,318,000. Pacer Advisors Inc. boosted its holdings in shares of Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock worth $239,569,000 after purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. grew its stake in shares of Emerson Electric by 218.7% in the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock worth $270,672,000 after purchasing an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after purchasing an additional 1,333,839 shares during the period. Finally, Wellington Management Group LLP raised its position in 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 valued at $1,675,403,000 after purchasing an additional 980,652 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EMR shares. Citigroup boosted their target price on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Weiss Ratings reissued a "buy (b-)" rating on shares of Emerson Electric in a research report on Saturday, September 27th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.29.

Emerson Electric Trading Up 0.0%

Shares of NYSE EMR opened at $134.82 on Tuesday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a 50-day moving average of $133.84 and a 200 day moving average of $124.88. The stock has a market cap of $75.88 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29.

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, 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 business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The business's revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was 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 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.

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