Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Emerson Electric Co. (NYSE:EMR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Emerson Electric Co. (NYSE:EMR) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,690 shares of the industrial products company’s stock after purchasing an additional 387 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Emerson Electric were worth $4,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Tobam lifted its stake in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $35,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 4th quarter worth $39,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $42,000. Finally, Rational Advisors LLC purchased a new position in shares of Emerson Electric in the 3rd quarter valued at approximately $42,000. 74.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

Emerson Electric Price Performance

NYSE:EMR opened at $108.63 on Tuesday. The stock has a market cap of $62.01 billion, a PE ratio of 5.66, a P/E/G ratio of 1.88 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $110.06 and its two-hundred day simple moving average is $98.94. Emerson Electric Co. has a 52 week low of $76.94 and a 52 week high of $115.26.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.93%. Emerson Electric’s payout ratio is 10.94%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of analyst reports. KeyCorp boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Bank of America upped their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Citigroup boosted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Berenberg Bank lifted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Mizuho boosted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.25.

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.