Daiwa Securities Group Inc. Sells 4,493 Shares of Emerson Electric Co. (NYSE:EMR)

Daiwa Securities Group Inc. reduced its position in Emerson Electric Co. (NYSE:EMR) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 84,931 shares of the industrial products company’s stock after selling 4,493 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Emerson Electric were worth $8,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tobam lifted its holdings in shares of Emerson Electric by 2,275.0% during the fourth 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 period. Resurgent Financial Advisors LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $32,000. Certified Advisory Corp acquired a new stake in shares of Emerson Electric in the first quarter valued at $34,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $35,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $39,000. 74.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EMR shares. Royal Bank of Canada raised their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Citigroup raised their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Mizuho raised their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. UBS Group lifted their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Berenberg Bank lifted their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Trading Down 0.5 %

NYSE:EMR opened at $109.31 on Friday. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The stock has a market capitalization of $62.39 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The business’s 50-day simple moving average is $109.87 and its 200-day simple moving average is $98.69.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share 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 business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business posted $0.78 EPS. Emerson Electric’s revenue for the quarter was up 22.1% on a year-over-year basis. Sell-side analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Insider Activity

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

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.