Nomura Asset Management Co. Ltd. raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,013 shares of the industrial products company's stock after purchasing an additional 11,536 shares during the period. Nomura Asset Management Co. Ltd. owned 0.08% of Emerson Electric worth $52,608,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter valued at approximately $29,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new position in Emerson Electric in the 3rd quarter valued at $33,000. Institutional investors own 74.30% of the company's stock.
Emerson Electric Trading Down 1.0 %
Shares of NYSE:EMR traded down $1.25 during trading on Tuesday, reaching $129.18. 2,838,406 shares of the company traded hands, compared to its average volume of 2,747,152. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52-week low of $89.17 and a 52-week high of $134.85. The business's fifty day moving average is $119.93 and its 200-day moving average is $112.19. The firm has a market capitalization of $73.57 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 2.20 and a beta of 1.34.
Emerson Electric Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. Emerson Electric's dividend payout ratio (DPR) is 61.70%.
Insider Activity
In other news, SVP Michael H. Train sold 21,525 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on EMR. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research note on Monday. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an "underweight" rating and a $105.00 price target for the company. Finally, Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $133.17.
Read Our Latest Stock Report on EMR
Emerson Electric Company Profile
(
Free Report)
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.
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