Emerson Electric Co. $EMR Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Emerson Electric Co. (NYSE:EMR) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,916 shares of the industrial products company’s stock after buying an additional 1,580 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Emerson Electric were worth $9,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EMR. Orion Capital Management LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $25,000. Saudi Central Bank purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $27,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Emerson Electric during the 1st quarter worth approximately $28,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.7%

NYSE:EMR opened at $131.95 on Friday. The business’s 50-day moving average is $136.79 and its two-hundred day moving average is $123.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a market capitalization of $74.26 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.48 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period last year, the company posted $1.43 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EMR shares. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Stephens upped their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.39.

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.