Sompo Asset Management Co. Ltd. Buys Shares of 4,070 Emerson Electric Co. (NYSE:EMR)

Sompo Asset Management Co. Ltd. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,070 shares of the industrial products company’s stock, valued at approximately $504,000.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new position in shares of Emerson Electric in the 4th quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric during the fourth quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric during the 4th quarter worth approximately $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR stock opened at $101.11 on Thursday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a market cap of $57.01 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 2.49 and a beta of 1.28. The stock’s 50-day moving average is $110.03 and its two-hundred day moving average is $118.72.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EMR shares. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Barclays dropped their target price on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

Emerson Electric Company 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.