Emerson Electric Co. $EMR Shares Acquired by Meiji Yasuda Life Insurance Co

Key Points

• Meiji Yasuda Life Insurance Co has increased its stake in Emerson Electric Co. by 20.3%, now owning over 15,000 shares valued at approximately $1.65 million.
• Emerson Electric reported a quarterly earnings of $1.52 per share, slightly beating analysts' estimates, with a revenue of $4.55 billion, which is a 3.9% year-over-year increase.
• The company announced a quarterly dividend of $0.5275 per share, with a projected annual dividend yield of 1.6% and a payout ratio of 45.38%.

Meiji Yasuda Life Insurance Co lifted its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 20.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,059 shares of the industrial products company's stock after purchasing an additional 2,546 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in Emerson Electric were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company's stock worth $1,675,403,000 after purchasing an additional 980,652 shares during the period. JPMorgan Chase & Co. grew its holdings in Emerson Electric by 9.3% in the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock worth $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC bought a new position in Emerson Electric in the 1st quarter worth approximately $737,318,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Emerson Electric by 9.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock worth $478,710,000 after buying an additional 339,355 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Emerson Electric by 18.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock worth $415,912,000 after buying an additional 579,653 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR opened at $132.54 on Monday. The stock has a fifty day moving average of $137.59 and a 200-day moving average of $122.38. The firm has a market capitalization of $74.59 billion, a P/E ratio of 28.50, a PEG ratio of 2.58 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.5275 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric's dividend payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent analyst reports. Stephens increased their price objective on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company increased their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Citigroup increased their price target on Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

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.

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