Dai ichi Life Insurance Company Ltd Acquires 27,149 Shares of Emerson Electric Co. (NYSE:EMR)

Dai ichi Life Insurance Company Ltd lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 38.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 97,590 shares of the industrial products company’s stock after purchasing an additional 27,149 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Emerson Electric were worth $10,673,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in shares of Emerson Electric by 55.0% during the second quarter. Farther Finance Advisors LLC now owns 8,619 shares of the industrial products company’s stock worth $931,000 after buying an additional 3,060 shares during the period. Bank of Montreal Can increased its position in Emerson Electric by 17.0% during the second quarter. Bank of Montreal Can now owns 1,339,301 shares of the industrial products company’s stock worth $152,359,000 after buying an additional 194,944 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Emerson Electric by 8.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 69,285 shares of the industrial products company’s stock worth $7,578,000 after acquiring an additional 5,416 shares during the period. V Square Quantitative Management LLC lifted its holdings in Emerson Electric by 82.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,977 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth about $443,000. 74.30% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is owned by company insiders.

Emerson Electric Price Performance

EMR opened at $132.79 on Tuesday. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $133.54. The company has a market capitalization of $75.72 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $114.63 and a 200-day moving average price of $110.88.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.59%. Emerson Electric’s payout ratio is 61.70%.

Wall Street Analyst Weigh In

EMR has been the subject of several recent research reports. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Oppenheimer upped their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

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.