Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 281,624 shares of the industrial products company’s stock after buying an additional 7,731 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Emerson Electric were worth $22,634,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of EMR. Hexavest Inc. purchased a new stake in shares of Emerson Electric in the 4th quarter worth about $27,000. JJJ Advisors Inc. grew its holdings in Emerson Electric by 169.7% during the 4th quarter. JJJ Advisors Inc. now owns 445 shares of the industrial products company’s stock valued at $36,000 after buying an additional 280 shares during the last quarter. Allworth Financial LP lifted its position in shares of Emerson Electric by 127.8% in the fourth quarter. Allworth Financial LP now owns 549 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 308 shares in the last quarter. RWM Asset Management LLC purchased a new stake in Emerson Electric during the 4th quarter worth about $48,000. Finally, Paces Ferry Wealth Advisors LLC purchased a new position in Emerson Electric in the 3rd quarter valued at about $49,000. 73.59% of the stock is currently owned by institutional investors.
In other Emerson Electric news, CFO Frank J. Dellaquila sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $78.91, for a total value of $789,100.00. Following the transaction, the chief financial officer now directly owns 250,340 shares of the company’s stock, valued at approximately $19,754,329.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Monday, February 1st. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.15. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $3.97 billion. Emerson Electric had a net margin of 11.71% and a return on equity of 25.98%. Emerson Electric’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. Research analysts expect that Emerson Electric Co. will post 3.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Friday, February 12th will be paid a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Thursday, February 11th. Emerson Electric’s dividend payout ratio (DPR) is 58.38%.
A number of brokerages have weighed in on EMR. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Monday, December 14th. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, February 4th. The Goldman Sachs Group raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $89.00 to $97.00 in a research note on Tuesday, January 19th. Argus reaffirmed a “buy” rating and issued a $80.00 target price on shares of Emerson Electric in a research report on Wednesday, November 4th. Finally, Credit Suisse Group boosted their price target on Emerson Electric from $94.00 to $98.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.33.
Emerson Electric Profile
Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.
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