Swedbank AB Grows Position in Emerson Electric Co. $EMR

Key Points

• Swedbank AB increased its stake in Emerson Electric Co. by 12.2%, owning approximately 2.84 million shares worth around $312.1 million as of the end of the last quarter.
• Emerson Electric reported $1.52 EPS for the quarter, exceeding analysts' expectations, and has projected 5.96 EPS for the current year.
• Analysts have raised price targets for Emerson Electric, with estimates now ranging from $130 to $155, contributing to a consensus rating of "Moderate Buy."

Swedbank AB lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,846,978 shares of the industrial products company's stock after purchasing an additional 309,078 shares during the period. Swedbank AB owned about 0.51% of Emerson Electric worth $312,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at approximately $25,000. Saudi Central Bank acquired a new stake in Emerson Electric in the first quarter valued at $25,000. Vega Investment Solutions bought a new position in Emerson Electric during the 4th quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the first quarter worth about $27,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric in the first quarter worth approximately $28,000. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent analyst reports. TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. KeyCorp increased their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Stephens lifted their price objective 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, Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Stock Up 0.5%

Emerson Electric stock traded up $0.63 during mid-day trading on Monday, reaching $135.73. The stock had a trading volume of 1,770,895 shares, compared to its average volume of 2,441,889. The firm has a market capitalization of $76.39 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.63 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The stock's 50-day simple moving average is $137.38 and its 200-day simple moving average is $122.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. 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 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.