Emerson Electric Co. (NYSE:EMR) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its position in Emerson Electric Co. (NYSE:EMR) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 106,323 shares of the industrial products company’s stock after acquiring an additional 1,187 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Emerson Electric were worth $13,177,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at about $297,947,000. Boston Partners grew its stake in Emerson Electric by 136.3% during the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after acquiring an additional 1,913,120 shares in the last quarter. State Street Corp raised its holdings in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock worth $252,313,000 after purchasing an additional 1,426,718 shares during the last quarter. Finally, Sarasin & Partners LLP grew its position in shares of Emerson Electric by 120.6% in the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock valued at $218,889,000 after purchasing an additional 965,731 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 2.1 %

NYSE:EMR opened at $115.44 on Tuesday. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm has a market cap of $65.09 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a fifty day moving average price of $121.53 and a 200 day moving average price of $119.38.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.83%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EMR shares. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.22.

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.