Sompo Asset Management Co. Ltd. Buys Shares of 4,070 Emerson Electric Co. (NYSE:EMR)

Sompo Asset Management Co. Ltd. acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,070 shares of the industrial products company's stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also modified their holdings of EMR. GDS Wealth Management boosted its position in Emerson Electric by 2.0% during the 4th quarter. GDS Wealth Management now owns 3,965 shares of the industrial products company's stock worth $491,000 after acquiring an additional 79 shares during the last quarter. Mcdonald Partners LLC increased its holdings in Emerson Electric by 0.6% during the fourth quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock worth $1,761,000 after buying an additional 81 shares during the last quarter. Berkshire Bank increased its holdings in Emerson Electric by 3.6% during the fourth quarter. Berkshire Bank now owns 2,588 shares of the industrial products company's stock worth $321,000 after buying an additional 89 shares during the last quarter. Little House Capital LLC increased its holdings in Emerson Electric by 0.5% during the fourth quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock worth $2,108,000 after buying an additional 89 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in Emerson Electric by 5.4% during the fourth quarter. Grove Bank & Trust now owns 1,749 shares of the industrial products company's stock worth $217,000 after buying an additional 90 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.57 during trading on Tuesday, reaching $105.07. 398,941 shares of the company traded hands, compared to its average volume of 2,931,858. The firm has a 50 day simple moving average of $108.88 and a 200-day simple moving average of $118.69. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $59.25 billion, a PE ratio of 25.03, a P/E/G ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.01%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

Analyst Ratings Changes

EMR has been the subject of a number of recent research reports. KeyCorp cut their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.67.

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.