Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Emerson Electric Co. (NYSE:EMR) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,328 shares of the industrial products company’s stock after buying an additional 4,643 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Emerson Electric were worth $6,536,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Emerson Electric in the 4th quarter worth $764,604,000. First Trust Advisors LP lifted its position in shares of Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock valued at $253,216,000 after buying an additional 1,786,583 shares in the last quarter. Wellington Management Group LLP increased its holdings in Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after acquiring an additional 1,488,948 shares in the last quarter. Swedbank AB bought a new position in shares of Emerson Electric in the first quarter worth approximately $129,670,000. Finally, Clean Energy Transition LLP increased its stake in shares of Emerson Electric by 110.7% in the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after purchasing an additional 990,615 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Emerson Electric stock opened at $105.41 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. The company has a market capitalization of $60.31 billion, a PE ratio of 5.64, a P/E/G ratio of 1.93 and a beta of 1.32. The company has a 50 day moving average price of $109.46 and a 200-day moving average price of $109.87. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the business earned $1.29 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company cut their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $123.00 to $138.00 in a research note on Thursday, May 9th. JPMorgan Chase & Co. lowered Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. Finally, Loop Capital increased their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.18.

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.