Lansforsakringar Fondforvaltning AB publ Trims Stake in Emerson Electric Co. $EMR

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Emerson Electric Co. by 2.3%, owning 213,812 shares worth approximately $23.4 million as of the latest SEC filing.
• Several analysts have upgraded their ratings for Emerson Electric, with JPMorgan Chase increasing the price target from $113 to $133 and KeyCorp setting a new target at $155.
• Emerson Electric recently announced a quarterly dividend of $0.5275 per share, resulting in an annualized yield of 1.6%.

Lansforsakringar Fondforvaltning AB publ cut its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,812 shares of the industrial products company's stock after selling 4,970 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Emerson Electric were worth $23,442,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EMR. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Emerson Electric by 20.6% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 76,357 shares of the industrial products company's stock valued at $8,372,000 after buying an additional 13,017 shares during the period. Silvant Capital Management LLC lifted its stake in shares of Emerson Electric by 1.9% during the 1st quarter. Silvant Capital Management LLC now owns 14,904 shares of the industrial products company's stock worth $1,634,000 after acquiring an additional 277 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in Emerson Electric by 6.6% during the 1st quarter. CreativeOne Wealth LLC now owns 3,490 shares of the industrial products company's stock valued at $383,000 after acquiring an additional 217 shares during the period. Nicolet Bankshares Inc. purchased a new stake in Emerson Electric in the first quarter worth $252,000. Finally, FORA Capital LLC bought a new stake in shares of Emerson Electric during the first quarter worth $3,388,000. Institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

EMR has been the topic of several recent 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. Robert W. Baird reduced their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Stock Down 2.0%

Emerson Electric stock traded down $2.65 during mid-day trading on Monday, reaching $131.91. 2,345,603 shares of the company were exchanged, compared to its average volume of 3,662,412. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $74.24 billion, a P/E ratio of 28.37, a PEG ratio of 2.58 and a beta of 1.30. The business has a fifty day moving average of $137.54 and a 200 day moving average of $122.11. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last released 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. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the company posted $1.43 EPS. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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