Nomura Asset Management Co. Ltd. Raises Stake in Emerson Electric Company (NYSE:EMR)

Nomura Asset Management Co. Ltd. grew its holdings in Emerson Electric Company (NYSE:EMR) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 93,246 shares of the industrial products company’s stock after buying an additional 7,058 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Emerson Electric were worth $5,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EMR. Private Advisory Group LLC increased its position in Emerson Electric by 17.3% during the 1st quarter. Private Advisory Group LLC now owns 18,064 shares of the industrial products company’s stock valued at $1,082,000 after buying an additional 2,659 shares in the last quarter. Covington Capital Management increased its position in Emerson Electric by 5.4% during the 1st quarter. Covington Capital Management now owns 79,534 shares of the industrial products company’s stock valued at $4,761,000 after buying an additional 4,090 shares in the last quarter. Archford Capital Strategies LLC increased its position in Emerson Electric by 296.5% during the 1st quarter. Archford Capital Strategies LLC now owns 13,726 shares of the industrial products company’s stock valued at $822,000 after buying an additional 10,264 shares in the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Emerson Electric by 11.5% in the 1st quarter. Meridian Wealth Management LLC now owns 4,341 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 447 shares in the last quarter. Finally, Farmers National Bank increased its holdings in shares of Emerson Electric by 8.4% in the 1st quarter. Farmers National Bank now owns 11,627 shares of the industrial products company’s stock worth $634,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

In other news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total value of $623,872.60. Following the transaction, the chief operating officer now directly owns 168,984 shares in the company, valued at $11,109,008.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bell Katherine Button sold 7,909 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $64.78, for a total value of $512,345.02. Following the completion of the transaction, the vice president now owns 44,628 shares in the company, valued at $2,891,001.84. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock worth $1,771,129 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE:EMR) traded up $0.35 during midday trading on Thursday, reaching $72.58. The company had a trading volume of 3,022,225 shares, compared to its average volume of 2,970,000. The stock has a market capitalization of $46,580.00, a P/E ratio of 28.35, a PEG ratio of 2.63 and a beta of 1.24. The company has a quick ratio of 1.30, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. Emerson Electric Company has a 12 month low of $56.77 and a 12 month high of $74.45.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the business earned $0.74 earnings per share. Emerson Electric’s quarterly revenue was up 12.8% compared to the same quarter last year. sell-side analysts anticipate that Emerson Electric Company will post 2.96 earnings per share for the current fiscal year.

EMR has been the subject of a number of research analyst reports. Edward Jones lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Wells Fargo & Co reissued a “market perform” rating and issued a $65.00 target price (up previously from $60.00) on shares of Emerson Electric in a report on Wednesday, November 8th. Stifel Nicolaus reissued a “buy” rating on shares of Emerson Electric in a report on Thursday, October 12th. Bank of America raised Emerson Electric from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $64.44 to $79.00 in a report on Tuesday, October 17th. Finally, Cowen restated a “buy” rating and issued a $72.00 price target on shares of Emerson Electric in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Hold” and an average price target of $66.15.

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About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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