Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Skandinaviska Enskilda Banken AB publ lifted its position in Emerson Electric Co. (NYSE:EMR) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 115,676 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Emerson Electric were worth $12,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc. increased its position in shares of Emerson Electric by 4.8% in the 4th quarter. Gilbert & Cook Inc. now owns 4,332 shares of the industrial products company’s stock valued at $422,000 after purchasing an additional 199 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Emerson Electric by 12.8% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,380 shares of the industrial products company’s stock valued at $619,000 after buying an additional 722 shares during the last quarter. Assetmark Inc. grew its stake in shares of Emerson Electric by 15.7% in the 4th quarter. Assetmark Inc. now owns 4,728 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 640 shares during the last quarter. Franklin Resources Inc. grew its position in Emerson Electric by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 573,239 shares of the industrial products company’s stock valued at $55,793,000 after buying an additional 2,999 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Emerson Electric by 26.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,225 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.7 %

Shares of EMR stock opened at $105.16 on Friday. The firm has a market cap of $60.16 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The stock has a 50 day moving average of $107.04 and a 200-day moving average of $109.45. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analysts Set New Price Targets

EMR has been the subject of a number of recent analyst reports. Barclays reduced their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Royal Bank of Canada lowered their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Robert W. Baird lifted their target price on Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $124.29.

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.