Sava Infond d.o.o. Has $419,000 Position in Emerson Electric Co. $EMR

Key Points

• Sava Infond d.o.o. reduced its position in Emerson Electric Co. by 52.7% during Q2, resulting in a holding of 3,140 shares valued at $419,000.
• Emerson Electric's most recent quarterly earnings showed a slight beat with $1.52 earnings per share, surpassing estimates, while revenue was reported at $4.55 billion, slightly below forecasts.
• Recent analyst upgrades have elevated Emerson Electric's target prices, with Wells Fargo setting it as high as $150.00, indicating analysts' positive outlook on the company.

Sava Infond d.o.o. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 52.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,140 shares of the industrial products company's stock after selling 3,500 shares during the quarter. Sava Infond d.o.o.'s holdings in Emerson Electric were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in shares of Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after acquiring an additional 5,504 shares during the last quarter. North Capital Inc. acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $211,000. Davis Investment Partners LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth approximately $692,000. Golden State Equity Partners acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $459,000. Finally, Truist Financial Corp increased its holdings in shares of Emerson Electric by 1.7% during the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock worth $118,259,000 after acquiring an additional 18,069 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR stock opened at $134.79 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a market cap of $75.86 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29. The business has a fifty day simple moving average of $134.13 and a 200 day simple moving average of $124.55.

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 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 business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the company earned $1.43 EPS. Emerson Electric's revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio is currently 45.38%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Daiwa Capital Markets boosted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research note on Wednesday, September 24th. Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. 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 research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the company a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $144.88.

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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