Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Emerson Electric Co. (NYSE:EMR)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,022,975 shares of the industrial products company's stock after acquiring an additional 78,716 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Emerson Electric worth $126,276,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EMR. GDS Wealth Management increased its holdings in shares of Emerson Electric by 2.0% in the fourth quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 79 shares during the last quarter. Mcdonald Partners LLC increased its stake in shares of Emerson Electric by 0.6% in the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after acquiring an additional 81 shares during the last quarter. Berkshire Bank raised its holdings in shares of Emerson Electric by 3.6% during the 4th quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after acquiring an additional 89 shares during the period. Little House Capital LLC grew its holdings in shares of Emerson Electric by 0.5% in the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 89 shares during the period. Finally, Grove Bank & Trust increased its position in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Loop Capital upped their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Barclays cut their price objective on Emerson Electric from $110.00 to $105.00 and set an "underweight" rating for the company in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.94.

Emerson Electric Stock Up 0.3 %

Shares of Emerson Electric stock traded up $0.30 during trading on Tuesday, hitting $109.94. 2,490,597 shares of the stock were exchanged, compared to its average volume of 2,817,143. The stock has a market cap of $62.00 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm's 50-day moving average price is $120.06 and its 200 day moving average price is $119.87.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results 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, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

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.