Emerson Electric Co. (NYSE:EMR) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its stake in Emerson Electric Co. (NYSE:EMR) by 19.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,556 shares of the industrial products company’s stock after purchasing an additional 44,102 shares during the period. Asset Management One Co. Ltd.’s holdings in Emerson Electric were worth $29,153,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EMR. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter worth $574,908,000. Pathway Financial Advisers LLC increased its position in Emerson Electric by 10,993.2% during the third quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock worth $226,443,000 after buying an additional 2,051,764 shares during the period. Van ECK Associates Corp increased its holdings in shares of Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares during the period. Swedbank AB boosted its stake in shares of Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Finally, Perpetual Ltd boosted its position in Emerson Electric by 57,336.1% during the third quarter. Perpetual Ltd now owns 1,206,158 shares of the industrial products company’s stock worth $131,918,000 after purchasing an additional 1,204,058 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 1.2 %

Shares of NYSE EMR opened at $109.81 on Tuesday. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The business has a fifty day simple moving average of $106.76 and a two-hundred day simple moving average of $108.86. The firm has a market cap of $62.89 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is currently 70.47%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EMR shares. Barclays reduced their target price on 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 started coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Redburn Atlantic started coverage on shares of Emerson Electric in a research report on Monday, July 8th. They set a “buy” rating and a $135.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $125.53.

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.