KLP Kapitalforvaltning AS Acquires 3,100 Shares of Emerson Electric Co. (NYSE:EMR)

KLP Kapitalforvaltning AS lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,513 shares of the industrial products company's stock after buying an additional 3,100 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.05% of Emerson Electric worth $32,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric in the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $28,000. Ameriflex Group Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $28,000. Institutional investors own 74.30% of the company's stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer directly owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 0.0%

Shares of Emerson Electric stock traded down $0.01 on Thursday, reaching $146.87. The company had a trading volume of 3,024,472 shares, compared to its average volume of 3,066,554. The firm has a market cap of $82.61 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 2.80 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. The firm's 50-day moving average price is $129.71 and its two-hundred day moving average price is $120.01. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $147.57.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. As a group, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is currently 50.48%.

Analyst Ratings Changes

Several analysts recently issued reports on EMR shares. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Citigroup increased their target price on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Barclays increased their target price on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $142.28.

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.