Sumitomo Mitsui DS Asset Management Company Ltd Raises Position in Emerson Electric Co. (NYSE:EMR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 65,749 shares of the industrial products company’s stock after purchasing an additional 5,157 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Emerson Electric were worth $8,148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stephens Consulting LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric in the 4th quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the third quarter valued at about $25,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Finally, Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter valued at about $29,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EMR. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Finally, Barclays increased their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Down 2.4 %

Shares of NYSE:EMR opened at $124.37 on Friday. The company’s 50-day moving average price is $126.68 and its 200 day moving average price is $116.74. 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 market cap of $70.83 billion, a PE ratio of 36.37, a P/E/G ratio of 2.22 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 11.73% and a net margin of 11.25%. Sell-side analysts anticipate that Emerson Electric Co. will post 5.91 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

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.