Emerson Electric Co. $EMR Shares Purchased by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in Emerson Electric Co. by 61.9%, acquiring a total of 17,808 shares valued at approximately $1.95 million.
• Emerson Electric reported $1.52 earnings per share for the latest quarter, slightly exceeding analysts' expectations of $1.51, despite revenues of $4.55 billion falling short of forecasts.
• The company declared a quarterly dividend of $0.5275 per share, reflecting an annualized dividend of $2.11 and a yield of 1.6%, with a payout ratio of 45.38%.

Nomura Holdings Inc. increased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 61.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,808 shares of the industrial products company's stock after buying an additional 6,812 shares during the period. Nomura Holdings Inc.'s holdings in Emerson Electric were worth $1,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Orion Capital Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Saudi Central Bank acquired a new position in shares of Emerson Electric in the first quarter worth $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric during the fourth quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric during the 1st quarter worth about $27,000. Finally, Inlight Wealth Management LLC purchased a new position in Emerson Electric in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EMR shares. Stephens lifted their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. 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 assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.39.

Emerson Electric Trading Down 0.4%

Shares of Emerson Electric stock traded down $0.56 during trading hours on Friday, reaching $132.54. The stock had a trading volume of 3,207,884 shares, compared to its average volume of 2,654,395. The firm has a market capitalization of $74.59 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 2.59 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $137.59 and a two-hundred day simple moving average of $122.41.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's 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.