Skandinaviska Enskilda Banken AB publ Acquires 100 Shares of Emerson Electric Co. (NYSE:EMR)

Skandinaviska Enskilda Banken AB publ increased its stake in Emerson Electric Co. (NYSE:EMR) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 115,776 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Emerson Electric were worth $14,386,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Tredje AP fonden increased its stake in Emerson Electric by 8.0% in the fourth quarter. Tredje AP fonden now owns 231,106 shares of the industrial products company’s stock valued at $28,641,000 after acquiring an additional 17,178 shares during the last quarter. Vestcor Inc increased its position in shares of Emerson Electric by 35.9% during the 4th quarter. Vestcor Inc now owns 15,080 shares of the industrial products company’s stock valued at $1,869,000 after purchasing an additional 3,981 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of Emerson Electric by 4.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 92,021 shares of the industrial products company’s stock valued at $11,404,000 after purchasing an additional 4,298 shares during the last quarter. Essential Planning LLC. bought a new position in shares of Emerson Electric during the 4th quarter valued at about $1,645,000. Finally, Truvestments Capital LLC increased its position in shares of Emerson Electric by 4.1% during the 4th quarter. Truvestments Capital LLC now owns 24,513 shares of the industrial products company’s stock valued at $3,038,000 after purchasing an additional 970 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on EMR shares. Royal Bank of Canada reiterated an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $135.00 to $110.00 in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.28.

Emerson Electric Stock Performance

NYSE:EMR opened at $112.11 on Friday. The firm’s fifty day simple moving average is $122.37 and its 200 day simple moving average is $118.75. The stock has a market cap of $63.22 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. As a group, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio is presently 50.36%.

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.