Resona Asset Management Co. Ltd. Takes $22.90 Million Position in Emerson Electric Co. (NYSE:EMR)

Resona Asset Management Co. Ltd. acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 184,232 shares of the industrial products company's stock, valued at approximately $22,900,000.

A number of other large investors have also added to or reduced their stakes in EMR. Stephens Consulting LLC bought a new position in Emerson Electric in the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric in the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric during the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric in the fourth quarter worth about $30,000. Finally, Fiduciary Advisors Inc. bought a new position in shares of Emerson Electric in the fourth quarter worth about $35,000. Institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Down 0.8 %

Shares of NYSE:EMR traded down $0.78 during trading on Friday, hitting $98.95. The company had a trading volume of 1,299,763 shares, compared to its average volume of 2,885,472. The stock has a market cap of $55.80 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a fifty day simple moving average of $114.72 and a two-hundred day simple moving average of $119.37. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85.

Remove Ads

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is currently 50.36%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays decreased their target price on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating on the stock in a research note on Thursday. StockNews.com cut shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday. Citigroup started coverage on Emerson Electric in a research note on Monday, March 17th. They issued a "buy" rating and a $132.00 price target for the company. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $132.39.

Emerson Electric 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.