Mizuho Securities USA LLC Purchases 16,905 Shares of Emerson Electric Co. (NYSE:EMR)

Mizuho Securities USA LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,042 shares of the industrial products company’s stock after acquiring an additional 16,905 shares during the quarter. Mizuho Securities USA LLC’s holdings in Emerson Electric were worth $6,697,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EMR. Wilmington Savings Fund Society FSB boosted its stake in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 30,741 shares during the period. Geode Capital Management LLC boosted its position in shares of Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the period. Larson Financial Group LLC grew its stake in shares of Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock worth $1,044,000 after acquiring an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in Emerson Electric by 8.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Howland Capital Management LLC boosted its holdings in Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company’s stock valued at $3,283,000 after purchasing an additional 3,054 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR stock opened at $112.92 on Friday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $121.60 and its 200-day moving average is $119.14. The firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.87%. Emerson Electric’s payout ratio is presently 50.36%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Citigroup assumed coverage on Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 price objective for the company. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Barclays cut shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $136.22.

About Emerson Electric

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.