Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Emerson Electric Company (NYSE:EMR) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 156,605 shares of the industrial products company’s stock after buying an additional 26,616 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Emerson Electric were worth $9,337,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of EMR. Oppenheimer Asset Management Inc. acquired a new position in shares of Emerson Electric in the 1st quarter valued at approximately $127,000. AT Bancorp acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $139,000. Harbour Capital Advisors LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at approximately $147,000. Guardian Life Insurance Co. of America grew its position in shares of Emerson Electric by 1.1% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,491 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 28 shares during the period. Finally, Perkins Coie Trust Co acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $150,000. Institutional investors own 70.04% of the company’s stock.
In related news, insider Robert T. Sharp sold 2,000 shares of Emerson Electric stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $58.99, for a total transaction of $117,980.00. Following the transaction, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is owned by insiders.
Several equities analysts recently issued reports on EMR shares. Cowen and Company upgraded Emerson Electric from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $62.00 price objective (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. Berenberg Bank reiterated a “sell” rating and issued a $53.00 price objective on shares of Emerson Electric in a research report on Friday, August 11th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Emerson Electric currently has a consensus rating of “Hold” and an average target price of $62.86.
Shares of Emerson Electric Company (EMR) opened at 66.74 on Wednesday. The stock’s 50 day moving average price is $63.21 and its 200-day moving average price is $60.38. The company has a market cap of $42.71 billion, a PE ratio of 29.78 and a beta of 1.22. Emerson Electric Company has a 52 week low of $49.38 and a 52 week high of $67.31.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.04. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. Analysts expect that Emerson Electric Company will post $2.61 EPS for the current year.
Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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