Mizuho Securities USA LLC Decreases Position in Emerson Electric Co. (NYSE:EMR)

Key Points

• Mizuho Securities USA LLC reduced its stake in Emerson Electric Co. by 16.5% during the first quarter, now holding 45,151 shares valued at approximately $4.95 million.
• JPMorgan Chase & Co. raised Emerson Electric's price target from $113 to $133, while the company has received a consensus rating of "Moderate Buy" and an average price target of $142.39.
• Emerson Electric announced a quarterly dividend of $0.5275 per share, which will be paid on September 10th, reflecting a 1.6% dividend yield.

Mizuho Securities USA LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,151 shares of the industrial products company's stock after selling 8,891 shares during the quarter. Mizuho Securities USA LLC's holdings in Emerson Electric were worth $4,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Hohimer Wealth Management LLC raised its position in Emerson Electric by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after purchasing an additional 95 shares during the period. Clearstead Trust LLC raised its position in Emerson Electric by 7.4% in the 1st quarter. Clearstead Trust LLC now owns 1,406 shares of the industrial products company's stock worth $154,000 after purchasing an additional 97 shares during the period. One Wealth Advisors LLC increased its position in shares of Emerson Electric by 5.7% in the first quarter. One Wealth Advisors LLC now owns 1,846 shares of the industrial products company's stock valued at $202,000 after acquiring an additional 99 shares during the period. Ecofi Investissements SA increased its position in shares of Emerson Electric by 0.3% in the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after acquiring an additional 100 shares during the period. Finally, J. W. Coons Advisors LLC increased its position in shares of Emerson Electric by 0.8% in the first quarter. J. W. Coons Advisors LLC now owns 13,000 shares of the industrial products company's stock valued at $1,425,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Robert W. Baird decreased their price objective on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Trading Down 0.0%

NYSE:EMR opened at $132.82 on Friday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.59. The company's 50-day simple moving average is $135.34 and its 200 day simple moving average is $121.65. The firm has a market capitalization of $74.75 billion, a P/E ratio of 28.56, a PEG ratio of 2.58 and a beta of 1.32.

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

Emerson Electric Announces Dividend

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

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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