Daiwa Securities Group Inc. Purchases 4,089 Shares of Emerson Electric Co. (NYSE:EMR)

Daiwa Securities Group Inc. boosted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 119,568 shares of the industrial products company’s stock after purchasing an additional 4,089 shares during the period. Daiwa Securities Group Inc.’s holdings in Emerson Electric were worth $13,078,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. boosted its position in Emerson Electric by 6.7% during the third quarter. Pekin Hardy Strauss Inc. now owns 11,947 shares of the industrial products company’s stock worth $1,307,000 after purchasing an additional 745 shares during the period. Summit Trail Advisors LLC raised its stake in Emerson Electric by 3.0% in the third quarter. Summit Trail Advisors LLC now owns 9,273 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 273 shares in the last quarter. Capital Investment Counsel LLC raised its stake in Emerson Electric by 4.8% in the third quarter. Capital Investment Counsel LLC now owns 48,271 shares of the industrial products company’s stock valued at $5,279,000 after purchasing an additional 2,190 shares in the last quarter. Larson Financial Group LLC raised its stake in Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after purchasing an additional 5,393 shares in the last quarter. Finally, StoneX Group Inc. grew its position in Emerson Electric by 12.7% during the third quarter. StoneX Group Inc. now owns 26,663 shares of the industrial products company’s stock valued at $2,916,000 after acquiring an additional 3,012 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $130.07 on Monday. The stock has a market cap of $74.17 billion, a P/E ratio of 38.03, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The firm’s fifty day simple moving average is $114.02 and its 200 day simple moving average is $110.75. Emerson Electric Co. has a twelve month low of $87.55 and a twelve month high of $131.56. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 annualized dividend and a yield of 1.62%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is currently 61.70%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EMR. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, Robert W. Baird raised their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

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.