Tokio Marine Asset Management Co. Ltd. Acquires 1,537 Shares of Emerson Electric Co. (NYSE:EMR)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,112 shares of the industrial products company’s stock after buying an additional 1,537 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Emerson Electric were worth $1,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Waverly Advisors LLC grew its holdings in Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock valued at $1,460,000 after purchasing an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $241,000. FMR LLC grew its holdings in Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock valued at $312,278,000 after purchasing an additional 41,263 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Emerson Electric during the third quarter valued at approximately $320,000. Finally, Capital Advisors Inc. OK boosted its holdings in shares of Emerson Electric by 821.0% in the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after buying an additional 76,868 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of NYSE EMR traded up $0.35 during mid-day trading on Friday, reaching $109.95. 76,571 shares of the company were exchanged, compared to its average volume of 2,587,338. The company’s 50-day simple moving average is $110.31 and its 200-day simple moving average is $99.19. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $62.76 billion, a P/E ratio of 5.71, a P/E/G ratio of 1.90 and a beta of 1.37. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $0.78 earnings per share. Emerson Electric’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Buying and Selling at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

EMR has been the subject of several research analyst reports. KeyCorp upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Royal Bank of Canada upped their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Berenberg Bank increased their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Mizuho increased their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Barclays increased their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

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.