Daiwa Securities Group Inc. Sells 4,493 Shares of Emerson Electric Co. (NYSE:EMR)

Daiwa Securities Group Inc. lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,931 shares of the industrial products company’s stock after selling 4,493 shares during the period. Daiwa Securities Group Inc.’s holdings in Emerson Electric were worth $8,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EMR. RB Capital Management LLC boosted its holdings in shares of Emerson Electric by 3.0% during the 1st quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 155 shares during the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $116,000. Prudential PLC purchased a new stake in shares of Emerson Electric during the 1st quarter valued at about $1,215,000. Sequoia Financial Advisors LLC raised its position in shares of Emerson Electric by 17.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after buying an additional 1,418 shares in the last quarter. Finally, Brighton Jones LLC raised its position in shares of Emerson Electric by 31.8% during the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after buying an additional 931 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 0.5 %

Shares of NYSE EMR opened at $109.31 on Friday. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The stock has a market cap of $62.39 billion, a PE ratio of 5.69, a P/E/G ratio of 1.90 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $109.87 and a 200 day moving average of $98.69.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $0.78 EPS. The company’s revenue was up 22.1% on a year-over-year basis. As a group, sell-side analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EMR. Berenberg Bank upped their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Mizuho upped their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Bank of America increased their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. UBS Group increased their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada raised their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $116.25.

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.