S Bank Fund Management Ltd Sells 4,034 Shares of Emerson Electric Co. $EMR

Key Points

• S Bank Fund Management Ltd has reduced its stake in Emerson Electric Co. by 13.9% during the second quarter, now holding 25,000 shares valued at $3.33 million.
• Various analysts have increased their price targets for Emerson Electric, with the current consensus price target at $146.56 and a general rating of "Moderate Buy."
• The company recently paid a $0.5275 per share quarterly dividend, resulting in an annualized yield of 1.6% and a payout ratio of 45.38%.

S Bank Fund Management Ltd reduced its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 13.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,000 shares of the industrial products company's stock after selling 4,034 shares during the quarter. S Bank Fund Management Ltd's holdings in Emerson Electric were worth $3,333,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Saudi Central Bank bought a new stake in Emerson Electric during the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in Emerson Electric during the first quarter valued at approximately $28,000. Fourth Dimension Wealth LLC lifted its position in Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in Emerson Electric during the first quarter valued at approximately $36,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on EMR. Daiwa Capital Markets lifted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Stephens lifted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. KeyCorp lifted their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a "neutral" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.56.

Emerson Electric Stock Up 0.2%

Shares of Emerson Electric stock opened at $130.08 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company's fifty day simple moving average is $132.08 and its two-hundred day simple moving average is $125.54. The company has a market cap of $73.21 billion, a P/E ratio of 27.98, a PEG ratio of 2.25 and a beta of 1.29. 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 issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's payout ratio is 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.

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