Emerson Electric Company (EMR) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in Emerson Electric Company (NYSE:EMR) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,374,473 shares of the industrial products company’s stock after buying an additional 17,700 shares during the quarter. Swiss National Bank owned 370,999.81% of Emerson Electric worth $149,212,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in EMR. Vanguard Group Inc. boosted its holdings in Emerson Electric by 1.1% during the second quarter. Vanguard Group Inc. now owns 44,195,877 shares of the industrial products company’s stock worth $2,634,958,000 after purchasing an additional 497,625 shares during the last quarter. BlackRock Inc. boosted its holdings in Emerson Electric by 1.9% during the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after purchasing an additional 778,791 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in Emerson Electric by 9.0% during the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after purchasing an additional 1,134,275 shares during the last quarter. Capital World Investors boosted its holdings in Emerson Electric by 4.6% during the second quarter. Capital World Investors now owns 11,450,000 shares of the industrial products company’s stock worth $682,649,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Emerson Electric by 4.3% during the second quarter. Wells Fargo & Company MN now owns 10,532,262 shares of the industrial products company’s stock worth $627,933,000 after purchasing an additional 432,753 shares during the last quarter. Institutional investors own 68.83% of the company’s stock.

Several research analysts recently commented on EMR shares. Edward Jones cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Company reiterated a “market perform” rating and issued a $65.00 price target (up previously from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating on shares of Emerson Electric in a research note on Thursday, October 12th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price target for the company from $64.44 to $79.00 in a research note on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Emerson Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $65.86.

In other news, VP Frank J. Dellaquila sold 2,100 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the transaction, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock worth $1,771,129 over the last three months. Insiders own 0.79% of the company’s stock.

Shares of Emerson Electric Company (NYSE:EMR) opened at $69.66 on Friday. The company has a market cap of $44,436.25, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. Emerson Electric Company has a 12 month low of $55.40 and a 12 month high of $69.84.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. equities research analysts expect that Emerson Electric Company will post 2.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were given a $0.485 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 2.78%. Emerson Electric’s dividend payout ratio is presently 82.55%.

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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.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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