Nomura Asset Management Co. Ltd. Buys 52,457 Shares of Emerson Electric Co. (NYSE:EMR)

Nomura Asset Management Co. Ltd. grew its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 533,470 shares of the industrial products company's stock after buying an additional 52,457 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.09% of Emerson Electric worth $66,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Broadway Wealth Solutions Inc. acquired a new position in Emerson Electric during the fourth quarter valued at approximately $263,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in shares of Emerson Electric in the 4th quarter valued at $12,393,000. Norges Bank acquired a new stake in Emerson Electric during the 4th quarter worth $885,886,000. Caisse Des Depots ET Consignations bought a new position in Emerson Electric during the fourth quarter worth about $728,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Emerson Electric in the fourth quarter valued at about $906,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research analyst reports. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. KeyCorp increased their price objective 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. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. StockNews.com cut Emerson Electric from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Barclays reduced 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $135.94.

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Emerson Electric Price Performance

Shares of EMR traded up $0.08 during mid-day trading on Tuesday, reaching $109.72. The company had a trading volume of 709,711 shares, compared to its average volume of 2,986,728. The company has a market capitalization of $61.87 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company's 50 day simple moving average is $120.46 and its 200 day simple moving average is $119.81. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

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