Nomura Asset Management Co. Ltd. Purchases 52,457 Shares of Emerson Electric Co. (NYSE:EMR)

Nomura Asset Management Co. Ltd. increased its holdings in Emerson Electric Co. (NYSE:EMR) by 10.9% in the fourth quarter, Holdings Channel reports. The fund owned 533,470 shares of the industrial products company’s stock after purchasing an additional 52,457 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Emerson Electric were worth $66,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Broadway Wealth Solutions Inc. purchased a new stake in shares of Emerson Electric in the 4th quarter worth approximately $263,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in Emerson Electric during the fourth quarter worth $12,393,000. Norges Bank bought a new stake in Emerson Electric during the 4th quarter valued at $885,886,000. Caisse Des Depots ET Consignations purchased a new position in shares of Emerson Electric in the 4th quarter valued at $728,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Emerson Electric during the 4th quarter worth $906,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

NYSE EMR opened at $112.09 on Friday. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market capitalization of $63.20 billion, a P/E ratio of 26.75, a PEG ratio of 2.49 and a beta of 1.36. The stock has a 50-day simple moving average of $121.08 and a two-hundred day simple moving average of $119.41.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is currently 50.36%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EMR. Citigroup started coverage on shares of Emerson Electric in a report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price for the company. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Wells Fargo & Company increased their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.94.

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.