Swiss National Bank Sells 79,700 Shares of Emerson Electric Co. (NYSE:EMR)

Swiss National Bank trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,707,400 shares of the industrial products company's stock after selling 79,700 shares during the period. Swiss National Bank owned 0.30% of Emerson Electric worth $193,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. NTV Asset Management LLC raised its holdings in shares of Emerson Electric by 3.0% during the first quarter. NTV Asset Management LLC now owns 10,442 shares of the industrial products company's stock worth $1,184,000 after purchasing an additional 300 shares during the period. Forsta AP Fonden increased its holdings in shares of Emerson Electric by 2.4% in the 1st quarter. Forsta AP Fonden now owns 117,400 shares of the industrial products company's stock worth $13,316,000 after acquiring an additional 2,800 shares during the period. Avalon Trust Co increased its holdings in shares of Emerson Electric by 23.1% in the 1st quarter. Avalon Trust Co now owns 1,600 shares of the industrial products company's stock worth $181,000 after acquiring an additional 300 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Emerson Electric by 20.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 134,827 shares of the industrial products company's stock worth $15,292,000 after acquiring an additional 22,886 shares during the period. Finally, PFG Advisors increased its holdings in shares of Emerson Electric by 3.8% in the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company's stock worth $294,000 after acquiring an additional 96 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $0.44 during trading hours on Friday, hitting $114.59. 2,082,607 shares of the company's stock traded hands, compared to its average volume of 2,002,969. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $116.76. The company has a market cap of $65.56 billion, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company's fifty day simple moving average is $110.43 and its two-hundred day simple moving average is $106.74.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. The business's quarterly revenue was up 16.5% on a year-over-year basis. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, May 16th. Emerson Electric's dividend payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EMR. Citigroup increased their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Robert W. Baird dropped their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a "neutral" rating on the stock in a report on Thursday, May 9th. Redburn Atlantic started coverage on shares of Emerson Electric in a research report on Monday, July 8th. They issued a "buy" rating and a $135.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating and increased their target price for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Finally, Barclays increased their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the company an "equal weight" rating in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.44.

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.