Livforsakringsbolaget Skandia Omsesidigt Has $415,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 11.7% in the first quarter, Holdings Channel reports. The institutional investor owned 3,789 shares of the industrial products company’s stock after selling 500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Emerson Electric were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 208.2% during the fourth quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 202 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of EMR stock opened at $126.98 on Wednesday. The stock’s fifty day moving average is $110.49 and its 200-day moving average is $118.46. 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 stock has a market capitalization of $71.43 billion, a PE ratio of 30.31, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. Equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s payout ratio is presently 50.48%.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on EMR shares. Citigroup boosted their price objective on Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Robert W. Baird lowered their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Finally, KeyCorp lowered their price objective on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.00.

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.