Tredje AP fonden Acquires 11,000 Shares of Emerson Electric Co. (NYSE:EMR)

Tredje AP fonden grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,848 shares of the industrial products company’s stock after acquiring an additional 11,000 shares during the quarter. Tredje AP fonden’s holdings in Emerson Electric were worth $22,676,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Thrive Wealth Management LLC grew its position in shares of Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after buying an additional 91 shares during the period. LCM Capital Management Inc grew its holdings in Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the period. Sabal Trust CO lifted its holdings in shares of Emerson Electric by 2.2% during the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 93 shares during the last quarter. Catalyst Financial Partners LLC boosted its position in shares of Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 94 shares in the last quarter. Finally, PFG Advisors increased its position in Emerson Electric by 3.8% during the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after buying an additional 96 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. Redburn Atlantic began coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Barclays cut their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Oppenheimer decreased their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Wells Fargo & Company cut their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.29.

Emerson Electric Stock Up 1.5 %

NYSE EMR opened at $103.95 on Wednesday. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $59.47 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The stock’s 50-day moving average price is $107.55 and its 200-day moving average price is $109.54.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 dividend on an annualized basis and a yield of 2.02%. Emerson Electric’s payout ratio is presently 11.24%.

Emerson Electric 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.