Nomura Asset Management Co. Ltd. Purchases 82,940 Shares of Emerson Electric Co. $EMR

Nomura Asset Management Co. Ltd. increased its position in Emerson Electric Co. (NYSE:EMR) by 17.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 547,605 shares of the industrial products company’s stock after acquiring an additional 82,940 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.10% of Emerson Electric worth $73,012,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the first quarter valued at approximately $27,000. PFS Partners LLC increased its holdings in Emerson Electric by 65.9% during the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after buying an additional 108 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Emerson Electric during the 2nd quarter worth $38,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 288 shares during the period. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. Barclays lifted their target price on Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Daiwa Capital Markets lifted their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada lowered their price target on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.00.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $127.48 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $71.62 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 2.36 and a beta of 1.30. The firm has a fifty day moving average price of $132.16 and a 200 day moving average price of $130.83. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, sell-side analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric declared that its board has approved a stock buyback plan on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 54.95%.

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.