Mizuho Markets Americas LLC Has $4.85 Million Stake in Emerson Electric Co. (NYSE:EMR)

Mizuho Markets Americas LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 47.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,845 shares of the industrial products company's stock after acquiring an additional 15,988 shares during the period. Mizuho Markets Americas LLC's holdings in Emerson Electric were worth $4,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Adage Capital Partners GP L.L.C. boosted its holdings in Emerson Electric by 255.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,803,881 shares of the industrial products company's stock valued at $270,771,000 after acquiring an additional 2,015,232 shares during the last quarter. Nordea Investment Management AB grew its position in Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company's stock worth $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Schroder Investment Management Group grew its stake in Emerson Electric by 211.7% in the 3rd quarter. Schroder Investment Management Group now owns 2,003,099 shares of the industrial products company's stock valued at $193,439,000 after purchasing an additional 1,360,477 shares during the period. Invesco Ltd. increased its holdings in Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company's stock worth $791,858,000 after buying an additional 1,184,202 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company's stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EMR has been the subject of several recent research reports. StockNews.com downgraded shares of Emerson Electric from a "buy" rating to a "hold" rating in a research note on Friday. Robert W. Baird lowered their price target on shares of Emerson Electric from $120.00 to $116.00 and set a "neutral" rating for the company in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating and increased their target price for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Finally, Mizuho lifted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.56.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $0.06 during midday trading on Friday, hitting $112.88. The company had a trading volume of 1,619,656 shares, compared to its average volume of 3,321,021. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The business's 50-day simple moving average is $111.49 and its 200-day simple moving average is $101.28. The stock has a market cap of $64.58 billion, a price-to-earnings ratio of 6.04, a price-to-earnings-growth ratio of 1.93 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business's revenue was up 16.5% on a year-over-year basis. On average, research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be given a $0.525 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.86%. Emerson Electric's dividend payout ratio (DPR) is presently 11.24%.

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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