SBI Securities Co. Ltd. Takes $288,000 Position in Emerson Electric Co. (NYSE:EMR)

SBI Securities Co. Ltd. purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,323 shares of the industrial products company’s stock, valued at approximately $288,000.

Several other hedge funds also recently made changes to their positions in EMR. Capital Performance Advisors LLP purchased a new position in shares of Emerson Electric in the third quarter valued at $25,000. Stephens Consulting LLC purchased a new position in Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric during the third quarter worth about $29,000. Finally, YANKCOM Partnership purchased a new position in Emerson Electric during the fourth quarter worth about $30,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EMR shares. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 target price for the company. Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $137.26.

Emerson Electric Trading Up 1.7 %

NYSE EMR opened at $115.97 on Thursday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $123.98 and a 200-day moving average of $118.43. The firm has a market cap of $65.39 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

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.