Forsta AP Fonden Buys 14,700 Shares of Emerson Electric Co. (NYSE:EMR)

Forsta AP Fonden grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 14.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,300 shares of the industrial products company’s stock after buying an additional 14,700 shares during the quarter. Forsta AP Fonden’s holdings in Emerson Electric were worth $12,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in Emerson Electric in the 1st quarter valued at about $31,000. Meeder Asset Management Inc. lifted its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Tributary Capital Management LLC bought a new position in shares of Emerson Electric during the first quarter valued at $35,000. Versant Capital Management Inc raised its stake in shares of Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 269 shares during the last quarter. Finally, Matrix Trust Co bought a new position in shares of Emerson Electric during the third quarter valued at $44,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $108.13 on Friday. The firm’s 50-day moving average price is $106.19 and its 200-day moving average price is $109.00. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market cap of $61.93 billion, a PE ratio of 36.29, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. As a group, analysts anticipate that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s dividend payout ratio is currently 70.47%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMR. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Barclays reduced their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada cut their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Redburn Atlantic assumed coverage on shares of Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.47.

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.