Emerson Electric Co. (NYSE:EMR) Shares Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 104.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,441 shares of the industrial products company’s stock after purchasing an additional 36,026 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Emerson Electric were worth $7,760,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. 1ST Source Bank lifted its stake in Emerson Electric by 15.2% in the 2nd quarter. 1ST Source Bank now owns 7,198 shares of the industrial products company’s stock worth $793,000 after purchasing an additional 948 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in Emerson Electric by 9.0% during the second quarter. GHP Investment Advisors Inc. now owns 69,631 shares of the industrial products company’s stock worth $7,671,000 after buying an additional 5,776 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Emerson Electric by 33.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 14,693 shares of the industrial products company’s stock worth $1,619,000 after acquiring an additional 3,715 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Emerson Electric by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 120,263 shares of the industrial products company’s stock valued at $13,248,000 after purchasing an additional 4,044 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EMR shares. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Robert W. Baird raised their target price on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Wells Fargo & Company decreased their price target on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Oppenheimer reduced their price objective on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Morgan Stanley began coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $124.06.

Emerson Electric Price Performance

EMR stock opened at $102.03 on Friday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm has a market capitalization of $58.43 billion, a P/E ratio of 5.46, a P/E/G ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The business’s 50-day moving average is $107.81 and its two-hundred day moving average is $109.57.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is presently 11.24%.

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.