Nomura Holdings Inc. increased its stake in Emerson Electric Co. (NYSE:EMR) by 479.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 422,945 shares of the company’s stock after buying an additional 349,991 shares during the period. Nomura Holdings Inc.’s holdings in Emerson Electric were worth $21,933,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. M&R Capital Management Inc. bought a new stake in shares of Emerson Electric during the second quarter valued at $103,000. Arcadia Investment Management Corp MI increased its stake in shares of Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock valued at $119,000 after buying an additional 234 shares during the period. Americafirst Capital Management LLC bought a new stake in shares of Emerson Electric during the second quarter valued at $128,000. Integrated Investment Consultants LLC increased its stake in shares of Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $132,000 after buying an additional 1,262 shares during the period. Finally, TCI Wealth Advisors Inc. increased its stake in shares of Emerson Electric by 90.6% in the second quarter. TCI Wealth Advisors Inc. now owns 2,524 shares of the company’s stock valued at $132,000 after buying an additional 1,200 shares during the period. Institutional investors own 69.40% of the company’s stock.
Emerson Electric Co. (NYSE:EMR) opened at 53.02 on Friday. The company has a 50-day moving average price of $52.80 and a 200 day moving average price of $53.39. The stock has a market capitalization of $34.12 billion, a P/E ratio of 18.77 and a beta of 1.23. Emerson Electric Co. has a 1-year low of $41.25 and a 1-year high of $56.82.
Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.04. Emerson Electric had a net margin of 8.96% and a return on equity of 24.63%. The company earned $5.10 billion during the quarter, compared to analyst estimates of $5.34 billion. On average, equities analysts predict that Emerson Electric Co. will post $2.92 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a $0.475 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.90 dividend on an annualized basis and a yield of 3.58%. Emerson Electric’s payout ratio is currently 67.38%.
EMR has been the subject of several analyst reports. Bank of America Corp. reaffirmed a “sell” rating on shares of Emerson Electric in a research report on Wednesday, June 22nd. Barclays PLC lowered their price objective on Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. initiated coverage on Emerson Electric in a research report on Monday, August 8th. They set a “neutral” rating and a $47.00 price objective for the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Emerson Electric in a research report on Sunday, July 10th. Finally, Zacks Investment Research cut Emerson Electric from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $52.82.
About Emerson Electric
Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.
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