Emerson Electric Co. (NYSE:EMR) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in Emerson Electric Co. (NYSE:EMR) by 26.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 151,235 shares of the industrial products company’s stock after acquiring an additional 31,667 shares during the period. Daiwa Securities Group Inc.’s holdings in Emerson Electric were worth $18,743,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the third quarter valued at $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the 4th quarter valued at about $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 5.8 %

EMR stock opened at $111.73 on Tuesday. The company has a market cap of $63.00 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 2.49 and a beta of 1.36. 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 business has a fifty day simple moving average of $123.39 and a 200-day simple moving average of $118.78. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $135.00 to $110.00 in a research report on Monday. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. KeyCorp upped their price target on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.28.

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.