Emerson Electric Co. $EMR Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 15.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,273 shares of the industrial products company’s stock after buying an additional 14,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Emerson Electric were worth $14,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Saudi Central Bank acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric during the 1st quarter worth approximately $27,000. PFS Partners LLC raised its holdings in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 108 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Emerson Electric in the second quarter worth $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Emerson Electric by 436.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 288 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Wolfe Research cut their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, Jefferies Financial Group cut their price target on Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Stock Performance

Shares of EMR stock opened at $134.54 on Wednesday. The firm has a market capitalization of $75.72 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company has a 50 day moving average price of $131.89 and a 200 day moving average price of $127.75. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio is 45.38%.

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.