Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Holdings in Emerson Electric Co. (NYSE:EMR)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 12.5% in the fourth quarter, Holdings Channel reports. The firm owned 118,473 shares of the industrial products company’s stock after selling 17,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Emerson Electric were worth $14,682,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB raised its holdings in shares of Emerson Electric by 120.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after acquiring an additional 30,741 shares during the last quarter. Geode Capital Management LLC raised its stake in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock worth $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of Emerson Electric during the third quarter worth $443,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock opened at $121.88 on Monday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm’s 50 day moving average price is $125.08 and its 200-day moving average price is $117.70. The firm has a market cap of $68.73 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Barclays lifted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Finally, KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Company 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.