Meiji Yasuda Asset Management Co Ltd. Acquires 25,162 Shares of Emerson Electric Co. (NYSE:EMR)

Meiji Yasuda Asset Management Co Ltd. raised its stake in Emerson Electric Co. (NYSE:EMR) by 30.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,677 shares of the industrial products company’s stock after purchasing an additional 25,162 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Emerson Electric were worth $11,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Thrive Wealth Management LLC boosted its holdings in Emerson Electric by 4.1% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 91 shares during the last quarter. LCM Capital Management Inc boosted its holdings in Emerson Electric by 1.4% during the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO increased its stake in Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after buying an additional 93 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in shares of Emerson Electric by 3.7% during the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock worth $287,000 after buying an additional 94 shares in the last quarter. Finally, PFG Advisors boosted its stake in shares of Emerson Electric by 3.8% in the 1st quarter. PFG Advisors now owns 2,591 shares of the industrial products company’s stock worth $294,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $103.95 on Wednesday. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The business’s fifty day moving average is $107.55 and its 200 day moving average is $109.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The firm has a market cap of $59.47 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced 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. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a $0.525 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a dividend yield of 2.02%. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Ratings Changes

A number of brokerages recently commented on EMR. Redburn Atlantic started coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price target on the stock. Robert W. Baird boosted their price target on shares of Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Morgan Stanley initiated coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Royal Bank of Canada decreased their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

Emerson Electric Company 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.