Nomura Asset Management Co. Ltd. Purchases 8,885 Shares of Emerson Electric Co. (EMR)

Nomura Asset Management Co. Ltd. raised its position in Emerson Electric Co. (NYSE:EMR) by 8.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 115,793 shares of the industrial products company’s stock after purchasing an additional 8,885 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Emerson Electric were worth $8,007,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Royal Bank of Canada grew its position in Emerson Electric by 37.6% in the first quarter. Royal Bank of Canada now owns 5,385,612 shares of the industrial products company’s stock valued at $367,839,000 after acquiring an additional 1,471,393 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Emerson Electric by 15.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 4,105,580 shares of the industrial products company’s stock worth $280,412,000 after buying an additional 562,596 shares in the last quarter. Eaton Vance Management grew its position in shares of Emerson Electric by 0.9% during the first quarter. Eaton Vance Management now owns 2,292,721 shares of the industrial products company’s stock worth $156,593,000 after buying an additional 20,913 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Emerson Electric during the second quarter worth approximately $144,788,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Emerson Electric by 5.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,986,173 shares of the industrial products company’s stock worth $137,324,000 after buying an additional 111,366 shares in the last quarter. 69.80% of the stock is owned by institutional investors.

In related news, insider Michael H. Train sold 24,166 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $71.46, for a total transaction of $1,726,902.36. Following the transaction, the insider now directly owns 121,626 shares in the company, valued at $8,691,393.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

A number of analysts have recently weighed in on EMR shares. JPMorgan Chase & Co. raised their price target on shares of Emerson Electric from $79.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday. Zacks Investment Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. ValuEngine raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Cowen reissued a “buy” rating and set a $78.00 price target on shares of Emerson Electric in a research report on Wednesday, April 18th. Finally, Deutsche Bank set a $81.00 price target on shares of Emerson Electric and gave the stock a “buy” rating in a research report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $74.94.

Shares of Emerson Electric opened at $73.86 on Friday, according to MarketBeat Ratings. Emerson Electric Co. has a 12-month low of $57.47 and a 12-month high of $75.25. The firm has a market cap of $46.54 billion, a P/E ratio of 24.28, a PEG ratio of 2.17 and a beta of 1.13. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. analysts predict that Emerson Electric Co. will post 3.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Friday, August 17th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, August 16th. Emerson Electric’s dividend payout ratio (DPR) is presently 73.48%.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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