Swedbank AB Sells 6,539 Shares of Emerson Electric Co. (NYSE:EMR)

Swedbank AB lessened its stake in Emerson Electric Co. (NYSE:EMR) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,537,900 shares of the industrial products company’s stock after selling 6,539 shares during the period. Swedbank AB owned about 0.45% of Emerson Electric worth $314,522,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC lifted its holdings in shares of Emerson Electric by 10,993.2% in the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after acquiring an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp grew its position in Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. State Street Corp lifted its position in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares in the last quarter. Perpetual Ltd grew its holdings in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after buying an additional 1,204,058 shares in the last quarter. Finally, Sarasin & Partners LLP lifted its position in shares of Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after purchasing an additional 965,731 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EMR. UBS Group assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Wells Fargo & Company lowered their price objective on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Barclays upped their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Robert W. Baird increased their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.45.

Emerson Electric Stock Down 0.1 %

Shares of NYSE EMR traded down $0.08 during midday trading on Wednesday, reaching $129.92. 125,927 shares of the company’s stock traded hands, compared to its average volume of 2,812,572. The stock’s 50 day simple moving average is $127.10 and its 200-day simple moving average is $116.19. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a one year low of $91.64 and a one year high of $134.85. The company has a market cap of $73.99 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 2.22 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. The ex-dividend date was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.