Nissay Asset Management Corp Japan ADV Has $7.98 Million Holdings in Emerson Electric Co. $EMR

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Emerson Electric Co. by 3.0%, owning 72,819 shares valued at approximately $7.98 million as of the latest filing.
• Emerson Electric reported $1.52 earnings per share for the last quarter, slightly exceeding expectations, and showed a year-over-year revenue increase of 3.9%, reaching $4.55 billion.
• The company announced a quarterly dividend of $0.5275 per share, with a yield of 1.6%, slated for payment to shareholders on September 10th.

Nissay Asset Management Corp Japan ADV lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,819 shares of the industrial products company's stock after buying an additional 2,125 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Emerson Electric were worth $7,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Clark Capital Management Group Inc. increased its holdings in Emerson Electric by 7.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after purchasing an additional 434 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after purchasing an additional 5,504 shares in the last quarter. North Capital Inc. acquired a new stake in Emerson Electric during the 1st quarter valued at $211,000. Zurich Insurance Group Ltd FI acquired a new stake in Emerson Electric during the 4th quarter valued at $3,003,000. Finally, Golden State Equity Partners acquired a new stake in Emerson Electric during the 1st quarter valued at $459,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Down 0.4%

NYSE:EMR opened at $132.54 on Friday. 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. The firm has a market capitalization of $74.59 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.58 and a beta of 1.30. The stock's fifty day simple moving average is $137.59 and its 200-day simple moving average is $122.39.

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

Emerson Electric Dividend Announcement

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

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Bank of America raised their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Citigroup lifted their target price 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, Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $142.39.

Emerson Electric 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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