Mizuho Securities USA LLC Acquires 16,905 Shares of Emerson Electric Co. (NYSE:EMR)

Mizuho Securities USA LLC increased its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 45.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,042 shares of the industrial products company's stock after purchasing an additional 16,905 shares during the period. Mizuho Securities USA LLC's holdings in Emerson Electric were worth $6,697,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after acquiring an additional 581,102 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after acquiring an additional 162,985 shares in the last quarter. Nordea Investment Management AB boosted its position in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after purchasing an additional 375,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Emerson Electric by 3.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company's stock worth $385,354,000 after purchasing an additional 132,186 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages recently commented on EMR. Citigroup initiated 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. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective for the company. KeyCorp increased their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $136.22.

Emerson Electric Stock Performance

NYSE:EMR traded down $0.16 during trading hours on Tuesday, hitting $115.21. 1,091,472 shares of the company traded hands, compared to its average volume of 2,660,965. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $64.97 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a 50-day moving average of $121.53 and a 200 day moving average of $119.38. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. On average, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

About Emerson Electric

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.