Global X Japan Co. Ltd. Lowers Stake in Emerson Electric Co. (NYSE:EMR)

Global X Japan Co. Ltd. decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,698 shares of the industrial products company’s stock after selling 167 shares during the period. Global X Japan Co. Ltd.’s holdings in Emerson Electric were worth $404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAM Holding AG purchased a new position in Emerson Electric during the 3rd quarter worth $8,163,000. Community Trust & Investment Co. acquired a new position in shares of Emerson Electric during the third quarter worth about $207,000. Private Advisor Group LLC raised its holdings in Emerson Electric by 16.6% during the third quarter. Private Advisor Group LLC now owns 66,694 shares of the industrial products company’s stock worth $7,294,000 after purchasing an additional 9,484 shares in the last quarter. Eastern Bank lifted its position in Emerson Electric by 54.5% in the third quarter. Eastern Bank now owns 322,069 shares of the industrial products company’s stock valued at $35,225,000 after purchasing an additional 113,589 shares during the period. Finally, Signaturefd LLC increased its position in Emerson Electric by 2.3% during the 3rd quarter. Signaturefd LLC now owns 12,565 shares of the industrial products company’s stock worth $1,374,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $109.49 on Wednesday. The company’s 50 day simple moving average is $105.91 and its 200 day simple moving average is $109.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The stock has a market capitalization of $62.64 billion, a PE ratio of 5.86, a P/E/G ratio of 1.70 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The business had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the company earned $1.29 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EMR. Royal Bank of Canada reduced their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays decreased their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Wells Fargo & Company cut their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.47.

Emerson Electric Company 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.