Mufg Securities Americas Inc. Invests $1.04 Million in Emerson Electric Co. (NYSE:EMR)

Mufg Securities Americas Inc. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,418 shares of the industrial products company’s stock, valued at approximately $1,043,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Emerson Electric by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company’s stock worth $6,634,837,000 after purchasing an additional 384,313 shares in the last quarter. Geode Capital Management LLC increased its stake in Emerson Electric by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock worth $1,443,725,000 after acquiring an additional 232,540 shares during the last quarter. Norges Bank acquired a new stake in Emerson Electric during the fourth quarter worth about $885,886,000. Northern Trust Corp grew its stake in shares of Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company’s stock valued at $827,377,000 after buying an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Emerson Electric by 4.1% in the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company’s stock valued at $542,379,000 after buying an additional 171,946 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Barclays lifted their price target on Emerson Electric from $99.00 to $104.00 and gave the company an “underweight” rating in a research report on Thursday, May 8th. Daiwa Capital Markets began coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective for the company. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.88.

Emerson Electric Trading Down 0.1%

NYSE:EMR opened at $121.39 on Thursday. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The company has a market cap of $68.28 billion, a PE ratio of 28.97, a PEG ratio of 2.49 and a beta of 1.26. The firm has a 50-day moving average of $107.03 and a 200-day moving average of $118.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Emerson Electric’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.74%. Emerson Electric’s payout ratio is currently 50.48%.

Emerson Electric 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.