Tokio Marine Asset Management Co. Ltd. Purchases 1,537 Shares of Emerson Electric Co. (NYSE:EMR)

Tokio Marine Asset Management Co. Ltd. boosted its position in Emerson Electric Co. (NYSE:EMR) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,112 shares of the industrial products company’s stock after acquiring an additional 1,537 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Emerson Electric were worth $1,276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Tobam lifted its holdings in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric during the fourth quarter worth $35,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the fourth quarter worth $39,000. MCF Advisors LLC increased its position in Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock worth $40,000 after buying an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Emerson Electric in the third quarter worth $42,000. Institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EMR. Bank of America raised their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Mizuho lifted their price target on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. KeyCorp lifted their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. UBS Group lifted their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Berenberg Bank lifted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s 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 sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.

Emerson Electric Trading Up 0.3 %

NYSE:EMR traded up $0.35 during mid-day trading on Friday, reaching $109.95. 76,571 shares of the company’s stock traded hands, compared to its average volume of 2,587,338. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The firm has a market capitalization of $62.76 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 1.90 and a beta of 1.37. 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 company has a 50 day moving average price of $110.31 and a 200-day moving average price of $99.19.

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

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s payout ratio is currently 10.94%.

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.