Nordea Investment Management AB Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Nordea Investment Management AB raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,013,550 shares of the industrial products company's stock after buying an additional 375,470 shares during the quarter. Emerson Electric comprises about 0.9% of Nordea Investment Management AB's holdings, making the stock its 18th largest position. Nordea Investment Management AB owned approximately 1.23% of Emerson Electric worth $871,083,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at about $29,000. Meeder Asset Management Inc. boosted its holdings in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new position in Emerson Electric during the third quarter worth about $33,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction 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 transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Emerson Electric Trading Down 1.2 %

EMR traded down $1.49 during trading on Monday, hitting $121.95. 2,310,952 shares of the company's stock were exchanged, compared to its average volume of 1,923,248. The stock has a 50 day moving average price of $125.93 and a 200 day moving average price of $114.44. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $69.45 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.73%. The ex-dividend date was Friday, November 15th. Emerson Electric's dividend payout ratio is currently 61.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EMR. Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. StockNews.com lowered shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Wednesday, January 1st. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $134.58.

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.