Mizuho Securities USA LLC Buys 16,905 Shares of Emerson Electric Co. (NYSE:EMR)

Mizuho Securities USA LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 45.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,042 shares of the industrial products company’s stock after acquiring an additional 16,905 shares during the quarter. Mizuho Securities USA LLC’s holdings in Emerson Electric were worth $6,697,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stephens Consulting LLC acquired a new stake in Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter worth about $27,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric in the fourth quarter worth about $30,000. Fiduciary Advisors Inc. bought a new position in shares of Emerson Electric during the 4th quarter valued at about $35,000. Finally, BankPlus Trust Department acquired a new position in shares of Emerson Electric in the 4th quarter valued at approximately $40,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of several research analyst reports. Jefferies Financial Group began coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Morgan Stanley increased their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $112.92 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $121.60 and a 200-day moving average of $119.14. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a market capitalization of $63.67 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Emerson Electric 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.