Norinchukin Bank The Has $2.85 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Norinchukin Bank The boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,012 shares of the industrial products company’s stock after purchasing an additional 835 shares during the period. Norinchukin Bank The’s holdings in Emerson Electric were worth $2,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EMR. Ossiam lifted its position in Emerson Electric by 2,600.1% during the 4th quarter. Ossiam now owns 36,641 shares of the industrial products company’s stock worth $4,541,000 after buying an additional 35,284 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Emerson Electric by 21.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 23,298 shares of the industrial products company’s stock worth $2,887,000 after acquiring an additional 4,161 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Emerson Electric by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,670 shares of the industrial products company’s stock valued at $356,886,000 after purchasing an additional 254,224 shares during the last quarter. Dnca Finance acquired a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $1,239,000. Finally, Ecofi Investissements SA raised its position in Emerson Electric by 0.3% in the 4th quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company’s stock worth $4,111,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of several research reports. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. KeyCorp lowered their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

Emerson Electric Stock Performance

EMR opened at $99.55 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The company has a market capitalization of $56.14 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. The business’s 50-day moving average price is $111.55 and its two-hundred day moving average price is $119.01. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.12%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.