Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 613,183 shares of the industrial products company’s stock after acquiring an additional 1,169 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.10% of Emerson Electric worth $46,958,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Emerson Electric during the second quarter worth about $102,000. Kiley Juergens Wealth Management LLC purchased a new position in Emerson Electric during the second quarter worth about $105,000. Kaizen Advisory LLC boosted its holdings in Emerson Electric by 151.1% during the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 926 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in Emerson Electric by 584.1% during the third quarter. Tradewinds Capital Management LLC now owns 1,416 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 1,209 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Emerson Electric during the second quarter worth about $113,000. 70.33% of the stock is owned by institutional investors.
In other news, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $74.24, for a total value of $475,804.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Edward L. Monser sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $75.84, for a total transaction of $2,275,200.00. Following the completion of the sale, the president now directly owns 176,477 shares in the company, valued at approximately $13,384,015.68. The disclosure for this sale can be found here. In the last three months, insiders sold 96,409 shares of company stock worth $7,317,004. Insiders own 0.79% of the company’s stock.
EMR opened at $68.49 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 1.07. The stock has a market capitalization of $43.91 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 2.11 and a beta of 1.20. Emerson Electric Co. has a twelve month low of $57.47 and a twelve month high of $79.70.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.91 billion. Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 3.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be given a $0.49 dividend. The ex-dividend date is Thursday, November 15th. This represents a $1.96 annualized dividend and a dividend yield of 2.86%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.49. Emerson Electric’s payout ratio is 57.40%.
EMR has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Monday, August 20th. They set an “overweight” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Emerson Electric from $79.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. William Blair restated a “market perform” rating on shares of Emerson Electric in a report on Tuesday. UBS Group set a $85.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a report on Thursday. Finally, Bank of America boosted their target price on shares of Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $78.30.
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Emerson Electric Company Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
Further Reading: Technical Analysis
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