Nisa Investment Advisors LLC Has $26.11 Million Stake in Emerson Electric Co. $EMR

Nisa Investment Advisors LLC lifted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,796 shares of the industrial products company’s stock after buying an additional 6,569 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Emerson Electric were worth $26,105,000 at the end of the most recent quarter.

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

Emerson Electric Trading Down 0.3%

NYSE:EMR opened at $132.81 on Monday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The business has a 50 day moving average price of $131.77 and a two-hundred day moving average price of $127.30. The company has a market cap of $74.75 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

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

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 45.38%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Daiwa Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price target (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft increased their price target on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.28.

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.