Swedbank AB Increases Stock Position in Emerson Electric Co. $EMR

Key Points

• Swedbank AB increased its holdings in Emerson Electric Co. by 3.8%, owning nearly 0.53% of the company with approximately $394 million in shares as per its latest SEC filing.
• Emerson Electric recently reported a quarterly earnings per share (EPS) of $1.52, surpassing analysts' expectations slightly, with a revenue of $4.55 billion for the quarter.
• The company declared a quarterly dividend of $0.5275, indicating an annualized dividend yield of 1.6% and a payout ratio of 45.38%.

Swedbank AB increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,955,960 shares of the industrial products company's stock after purchasing an additional 108,982 shares during the period. Swedbank AB owned approximately 0.53% of Emerson Electric worth $394,118,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EMR. Nuveen LLC bought a new position in shares of Emerson Electric in the first quarter worth approximately $737,318,000. Pacer Advisors Inc. grew its position in Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after acquiring an additional 2,138,397 shares during the last quarter. Alliancebernstein L.P. grew its position in Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after acquiring an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock valued at $215,602,000 after acquiring an additional 1,333,839 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after acquiring an additional 1,117,646 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Up 0.4%

EMR stock traded up $0.54 on Monday, reaching $132.88. The company's stock had a trading volume of 3,109,301 shares, compared to its average volume of 2,779,784. The business has a fifty day simple moving average of $136.49 and a two-hundred day simple moving average of $123.49. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The firm has a market cap of $74.78 billion, a PE ratio of 28.58, a PEG ratio of 2.51 and a beta of 1.30. 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 announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The firm's revenue was up 3.9% on a year-over-year basis. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

Analysts Set New Price Targets

A number of research analysts have commented on EMR shares. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Wells Fargo & Company increased their price target on shares of Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Stephens increased their price target 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, July 16th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Two research 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $142.39.

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.