Swiss National Bank Sells 80,300 Shares of Emerson Electric Co. (NYSE:EMR)

Swiss National Bank lessened its stake in Emerson Electric Co. (NYSE:EMR) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,617,800 shares of the industrial products company’s stock after selling 80,300 shares during the quarter. Swiss National Bank owned approximately 0.28% of Emerson Electric worth $200,494,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EMR. Stephens Consulting LLC bought a new position in Emerson Electric during the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at about $27,000. YANKCOM Partnership purchased a new position in Emerson Electric during the fourth quarter worth about $30,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the 3rd quarter worth about $29,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Loop Capital raised their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company boosted their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Morgan Stanley boosted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.28.

Emerson Electric Stock Down 1.5 %

Shares of NYSE EMR opened at $109.17 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $61.56 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The business has a 50-day simple moving average of $122.60 and a two-hundred day simple moving average of $118.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is 50.36%.

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.