Mandatum Life Insurance Co Ltd Invests $5.48 Million in Emerson Electric Co. (NYSE:EMR)

Mandatum Life Insurance Co Ltd purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the industrial products company's stock, valued at approximately $5,482,000. Emerson Electric comprises 1.7% of Mandatum Life Insurance Co Ltd's investment portfolio, making the stock its 13th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC increased its holdings in shares of Emerson Electric by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after buying an additional 95 shares during the last quarter. Unison Advisors LLC grew its position in Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after acquiring an additional 98 shares during the period. Texas Yale Capital Corp. increased its stake in Emerson Electric by 0.7% during the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after acquiring an additional 100 shares during the last quarter. Ecofi Investissements SA lifted its stake in shares of Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after purchasing an additional 100 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of Emerson Electric by 5.3% during the 1st quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock worth $221,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Down 0.2%

Shares of EMR stock traded down $0.23 during trading hours on Friday, reaching $144.16. 1,918,369 shares of the stock were exchanged, compared to its average volume of 2,996,252. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $145.25. The business's fifty day moving average is $128.27 and its two-hundred day moving average is $119.56. 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 has a market capitalization of $81.09 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.80 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research report on Wednesday. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. KeyCorp upped their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $142.28.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

About Emerson Electric

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.