Meiji Yasuda Life Insurance Co Reduces Stake in Emerson Electric Co. (NYSE:EMR)

Meiji Yasuda Life Insurance Co trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 90.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,870 shares of the industrial products company’s stock after selling 17,502 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Emerson Electric were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Tobam boosted its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares during the period. Accordant Advisory Group Inc bought a new position in Emerson Electric in the 1st quarter worth about $29,000. Security National Bank bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $29,000. Cape Investment Advisory Inc. grew its stake in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Emerson Electric during the 1st quarter worth $31,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.2 %

Shares of EMR stock opened at $116.84 on Thursday. The stock has a 50 day simple moving average of $111.40 and a 200-day simple moving average of $108.64. Emerson Electric Co. has a 1-year low of $83.10 and a 1-year high of $119.53. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 1.97 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 EPS. On average, equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 17th were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.80%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Analysts Set New Price Targets

EMR has been the topic of a number of recent research reports. StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Redburn Atlantic started coverage on shares of Emerson Electric in a research note on Monday, July 8th. They set a “buy” rating and a $135.00 price objective on the stock. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Citigroup increased their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company raised their price objective on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $123.44.

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.