Norinchukin Bank The Boosts Holdings in Emerson Electric Co. $EMR

Key Points

• Norinchukin Bank increased its holdings in Emerson Electric Co. by 12.1% during Q1, bringing its total to 25,791 shares, valued at $2.83 million.
• Multiple institutional investors are boosting their stakes in Emerson Electric, with Wellington Management increasing its holdings by 6.9% and JPMorgan Chase by 9.3%.
• Emerson Electric reported earnings of $1.52 per share, slightly exceeding analyst estimates, with revenues of $4.55 billion for the quarter, up by 3.9% year-over-year.

Norinchukin Bank The raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 12.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,791 shares of the industrial products company's stock after acquiring an additional 2,779 shares during the period. Norinchukin Bank The's holdings in Emerson Electric were worth $2,828,000 as of its most recent SEC filing.

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

Emerson Electric Trading Down 1.0%

Emerson Electric stock traded down $1.2850 during trading hours on Monday, hitting $132.4850. The company had a trading volume of 2,123,215 shares, compared to its average volume of 3,890,116. The firm has a market cap of $74.56 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a 50-day moving average price of $137.13 and a two-hundred day moving average price of $121.90.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (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 company had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same period in the previous year, the company earned $1.43 EPS. The firm's quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.5275 per share. 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 (DPR) is currently 45.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays upgraded Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Robert W. Baird lowered their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, KeyCorp upped their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two research 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock currently 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.