Mufg Securities Americas Inc. Purchases 2,484 Shares of Emerson Electric Co. $EMR

Mufg Securities Americas Inc. increased its position in Emerson Electric Co. (NYSE:EMR) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,466 shares of the industrial products company’s stock after purchasing an additional 2,484 shares during the period. Mufg Securities Americas Inc.’s holdings in Emerson Electric were worth $1,662,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Emerson Electric by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 54,129,898 shares of the industrial products company’s stock worth $7,217,139,000 after acquiring an additional 695,105 shares during the last quarter. Wellington Management Group LLP increased its holdings in Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Emerson Electric by 75.0% in the second quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after purchasing an additional 5,371,585 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Emerson Electric by 0.7% during the second quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock valued at $1,610,958,000 after buying an additional 89,192 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Emerson Electric by 19.5% during the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after buying an additional 1,499,000 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR opened at $128.19 on Friday. The firm has a 50-day moving average price of $131.42 and a 200-day moving average price of $131.34. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $150.27. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $72.02 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.36 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion for the quarter. Equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $0.555 per share. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric declared that its board has approved a share repurchase plan on Wednesday, November 5th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

EMR has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Barclays increased their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, November 6th. Daiwa Capital Markets increased their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Wolfe Research upped their price objective on Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank Of Canada lowered their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.13.

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.