Norinchukin Bank The Has $2.85 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Norinchukin Bank The increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,012 shares of the industrial products company’s stock after acquiring an additional 835 shares during the quarter. Norinchukin Bank The’s holdings in Emerson Electric were worth $2,852,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EMR. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in Emerson Electric during the 4th quarter valued at about $28,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric in the 4th quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in shares of Emerson Electric in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 0.9 %

NYSE EMR opened at $99.55 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a market cap of $56.14 billion, a PE ratio of 23.76, a PEG ratio of 2.49 and a beta of 1.28. The firm has a 50-day simple moving average of $111.55 and a 200 day simple moving average of $119.01.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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, research analysts forecast 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 given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.12%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EMR shares. KeyCorp dropped their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Barclays reduced their price target on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a report on Thursday, April 10th. Finally, Morgan Stanley increased their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.67.

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.