Asahi Life Asset Management CO. LTD. Takes Position in Emerson Electric Co. (NYSE:EMR)

Asahi Life Asset Management CO. LTD. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,680 shares of the industrial products company's stock, valued at approximately $403,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the 4th quarter worth about $25,000. Vega Investment Solutions bought a new stake in shares of Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the 4th quarter valued at $28,000. Inlight Wealth Management LLC bought a new position in Emerson Electric in the 1st quarter worth $28,000. Finally, Fourth Dimension Wealth LLC lifted its position in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after acquiring an additional 154 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of EMR stock traded down $0.17 during trading hours on Monday, hitting $139.93. 1,636,084 shares of the company's stock were exchanged, compared to its average volume of 3,089,169. The stock's 50-day moving average is $125.11 and its 200-day moving average is $118.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $142.32. The stock has a market cap of $78.71 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.72 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, May 16th. Emerson Electric's payout ratio is currently 50.48%.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on EMR. Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Bank of America boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Barclays lifted their target price on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $140.89.

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.