Tredje AP fonden Has $23.68 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Tredje AP fonden reduced its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,010 shares of the industrial products company's stock after selling 15,096 shares during the quarter. Tredje AP fonden's holdings in Emerson Electric were worth $23,683,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Hohimer Wealth Management LLC increased its stake in 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 valued at $3,066,000 after buying an additional 95 shares during the period. Unison Advisors LLC increased its stake in shares of Emerson Electric by 0.5% during the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares during the period. One Wealth Advisors LLC raised its holdings in Emerson Electric by 5.7% during the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock worth $202,000 after purchasing an additional 99 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in Emerson Electric by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock valued at $1,833,000 after purchasing an additional 100 shares in the last quarter. Finally, Ecofi Investissements SA increased its position in shares of Emerson Electric by 0.3% during 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 period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EMR. JPMorgan Chase & Co. raised their target price on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Citigroup boosted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company upped their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Barclays raised their price objective on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $142.28.

Emerson Electric Stock Down 2.6%

Emerson Electric stock traded down $3.83 during mid-day trading on Friday, hitting $141.68. 4,078,731 shares of the company's stock were exchanged, compared to its average volume of 2,776,646. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The stock has a 50 day moving average of $133.64 and a two-hundred day moving average of $121.30. The stock has a market cap of $79.70 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.82 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.5%. Emerson Electric's dividend payout ratio is currently 50.48%.

Emerson Electric Company 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.