Asset Management One Co. Ltd. Purchases 44,102 Shares of Emerson Electric Co. (NYSE:EMR)

Asset Management One Co. Ltd. grew its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 266,556 shares of the industrial products company’s stock after acquiring an additional 44,102 shares during the quarter. 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 also recently made changes to their positions in EMR. Thrive Wealth Management LLC raised its position in shares of Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 91 shares during the last quarter. LCM Capital Management Inc raised its holdings in Emerson Electric by 1.4% during the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after buying an additional 91 shares during the period. Sabal Trust CO increased its stake in Emerson Electric by 2.2% in the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock worth $475,000 after purchasing an additional 93 shares during the period. Catalyst Financial Partners LLC raised its holdings in shares of Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 94 shares in the last quarter. Finally, PFG Advisors boosted its stake in shares of Emerson Electric by 3.8% during the first quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 96 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Morgan Stanley initiated coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Oppenheimer increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.53.

Emerson Electric Price Performance

NYSE:EMR opened at $109.81 on Tuesday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The business has a 50 day simple moving average of $106.76 and a 200-day simple moving average of $108.86. The firm has a market capitalization of $62.89 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86.

Emerson Electric (NYSE:EMR) last issued its quarterly 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 quarter in the prior year, the company earned $1.29 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Dividend Announcement

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

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.