Emerson Electric Co. (NYSE:EMR) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 262,861 shares of the industrial products company's stock after purchasing an additional 12,325 shares during the period. Asset Management One Co. Ltd.'s holdings in Emerson Electric were worth $28,820,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 4,850 shares during the period. Howard Capital Management Inc. lifted its position in shares of Emerson Electric by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 3,707 shares of the industrial products company's stock worth $459,000 after purchasing an additional 189 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $2,552,000. IFP Advisors Inc grew its holdings in shares of Emerson Electric by 92.3% in the fourth quarter. IFP Advisors Inc now owns 11,146 shares of the industrial products company's stock valued at $1,381,000 after purchasing an additional 5,350 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Emerson Electric by 1.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 44,235 shares of the industrial products company's stock worth $5,482,000 after buying an additional 647 shares during the period. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

EMR traded down $1.27 on Wednesday, reaching $129.46. The company had a trading volume of 2,589,385 shares, compared to its average volume of 3,115,933. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock has a market capitalization of $72.82 billion, a PE ratio of 30.97, a P/E/G ratio of 2.56 and a beta of 1.28. The stock has a 50-day moving average price of $116.32 and a 200-day moving average price of $118.12.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.63%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on EMR shares. Citigroup raised their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. 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 report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Barclays upped their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $136.47.

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.