Swedbank AB Has $314.52 Million Position in Emerson Electric Co. (NYSE:EMR)

Swedbank AB lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,537,900 shares of the industrial products company's stock after selling 6,539 shares during the period. Swedbank AB owned approximately 0.45% of Emerson Electric worth $314,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EMR. Berkshire Bank lifted its position in shares of Emerson Electric by 3.6% in the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock valued at $321,000 after acquiring an additional 89 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Emerson Electric by 5.4% during the 4th quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock valued at $217,000 after buying an additional 90 shares during the last quarter. Silver Lake Advisory LLC increased its stake in shares of Emerson Electric by 0.4% during the 4th quarter. Silver Lake Advisory LLC now owns 24,249 shares of the industrial products company's stock worth $3,005,000 after purchasing an additional 90 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Emerson Electric by 0.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 18,428 shares of the industrial products company's stock valued at $2,016,000 after buying an additional 97 shares in the last quarter. Finally, Sandbox Financial Partners LLC grew its stake in Emerson Electric by 5.3% in the 4th quarter. Sandbox Financial Partners LLC now owns 1,942 shares of the industrial products company's stock valued at $241,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insiders Place Their Bets

In related news, SVP Michael H. Train sold 21,525 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 0.8 %

Shares of EMR traded down $1.08 during trading hours on Wednesday, hitting $128.92. 2,188,900 shares of the stock traded hands, compared to its average volume of 2,929,654. The business has a fifty day moving average of $127.10 and a 200-day moving average of $116.19. The firm has a market capitalization of $73.42 billion, a PE ratio of 37.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. 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.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio is currently 61.70%.

Analyst Ratings Changes

EMR has been the topic of a number of recent research reports. Barclays lifted their target price 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. Royal Bank of Canada cut their target price on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their target price on shares of Emerson Electric from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $136.45.

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.