Asset Management One Co. Ltd. Sells 6,977 Shares of Emerson Electric Co. $EMR

Key Points

• Asset Management One Co. Ltd. reduced its stake in Emerson Electric Co. by 2.7% in the second quarter, now holding 255,884 shares valued at approximately $34.1 million.
• Institutional investors collectively own 74.30% of Emerson Electric, with several hedge funds increasing their positions recently, including PFS Partners LLC, which lifted its holdings by 65.9%.
• Analyst ratings for Emerson Electric vary, with a consensus rating of "Moderate Buy" and a price target of $148.28, while Wells Fargo recently lowered its target to $140.00.

Asset Management One Co. Ltd. cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 255,884 shares of the industrial products company's stock after selling 6,977 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Emerson Electric were worth $34,117,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMR. Saudi Central Bank bought a new position in shares of Emerson Electric during the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Emerson Electric during the first quarter valued at $27,000. PFS Partners LLC lifted its holdings in shares of Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 108 shares during the period. Princeton Global Asset Management LLC bought a new position in shares of Emerson Electric during the second quarter valued at $38,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Emerson Electric by 436.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 288 shares during the period. 74.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on EMR. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Royal Bank Of Canada lifted their price target on Emerson Electric from $154.00 to $155.00 and gave the company an "outperform" rating in a report on Thursday, October 16th. Wolfe Research cut their price target on Emerson Electric from $173.00 to $172.00 and set an "outperform" rating for the company in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Emerson Electric from $135.00 to $151.00 and gave the company a "neutral" rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.28.

Emerson Electric Price Performance

Shares of EMR stock opened at $132.81 on Friday. The stock has a 50-day moving average price of $131.77 and a 200 day moving average price of $126.91. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $74.75 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.30 and a beta of 1.29. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Emerson Electric Company 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.

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