Swiss National Bank Trims Stake in Emerson Electric Co. (NYSE:EMR)

Swiss National Bank reduced its position in Emerson Electric Co. (NYSE:EMR) by 4.5% during the first quarter, HoldingsChannel.com reports. The firm owned 1,707,400 shares of the industrial products company’s stock after selling 79,700 shares during the period. Swiss National Bank’s holdings in Emerson Electric were worth $193,653,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of EMR. Tobam increased its position in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Emerson Electric during the first quarter valued at approximately $29,000. Security National Bank bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. boosted its stake in shares of Emerson Electric by 148.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 188 shares in the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $32,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Mizuho raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Robert W. Baird lowered their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Finally, Barclays raised their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.44.

Emerson Electric Stock Performance

EMR traded up $0.44 on Friday, reaching $114.59. The stock had a trading volume of 2,082,607 shares, compared to its average volume of 2,002,969. The company has a market cap of $65.56 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The business’s 50-day moving average price is $110.43 and its two-hundred day moving average price is $106.74. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Sell-side analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.83%. Emerson Electric’s dividend payout ratio is currently 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.