Swiss National Bank Sells 51,100 Shares of Emerson Electric Co. (NYSE:EMR)

Swiss National Bank cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,787,100 shares of the industrial products company’s stock after selling 51,100 shares during the period. Swiss National Bank’s holdings in Emerson Electric were worth $173,938,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EMR. Cambridge Investment Research Advisors Inc. boosted its position in Emerson Electric by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 91,761 shares of the industrial products company’s stock worth $8,861,000 after buying an additional 2,745 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Emerson Electric by 49.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 98,018 shares of the industrial products company’s stock worth $9,466,000 after purchasing an additional 32,445 shares during the period. Raymond James & Associates lifted its position in shares of Emerson Electric by 2.5% in the 3rd quarter. Raymond James & Associates now owns 642,084 shares of the industrial products company’s stock worth $62,006,000 after purchasing an additional 15,823 shares during the period. Stratos Wealth Partners LTD. lifted its position in shares of Emerson Electric by 31.1% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 25,981 shares of the industrial products company’s stock worth $2,509,000 after purchasing an additional 6,160 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Emerson Electric by 2.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock worth $566,398,000 after purchasing an additional 165,249 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMR. Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup lifted their price objective 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. Mizuho lifted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Insider Buying and Selling

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

Emerson Electric Stock Up 0.1 %

Shares of NYSE EMR traded up $0.13 during trading on Friday, hitting $106.54. The stock had a trading volume of 5,571,162 shares, compared to its average volume of 2,681,387. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The company has a market capitalization of $60.81 billion, a PE ratio of 5.55, a PEG ratio of 1.84 and a beta of 1.36. The firm has a fifty day moving average of $110.57 and a two-hundred day moving average of $99.60.

Emerson Electric (NYSE:EMR) last issued 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. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

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.