Emerson Electric Co. (NYSE:EMR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in Emerson Electric Co. (NYSE:EMR) by 38.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,351 shares of the industrial products company’s stock after selling 41,565 shares during the period. Handelsbanken Fonder AB’s holdings in Emerson Electric were worth $6,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tobam lifted its position in shares of Emerson Electric by 2,275.0% during the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Emerson Electric in the fourth quarter worth $35,000. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the fourth quarter worth $39,000. Authentikos Wealth Advisory LLC acquired a new position in Emerson Electric during the third quarter worth $42,000. Finally, Rational Advisors LLC acquired a new position in Emerson Electric during the third quarter worth $42,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

Emerson Electric Trading Down 0.0 %

Shares of NYSE EMR opened at $109.57 on Friday. The company’s fifty day moving average is $110.31 and its 200-day moving average is $99.19. The stock has a market cap of $62.54 billion, a price-to-earnings ratio of 5.71, a P/E/G ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm posted $0.78 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio is 10.94%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada increased their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. KeyCorp raised their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Berenberg Bank increased their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Citigroup increased their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.25.

About Emerson Electric

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.