Sumitomo Mitsui Trust Holdings Inc. Has $174.99 Million Stake in Emerson Electric Co. (NYSE:EMR)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 1.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,542,838 shares of the industrial products company’s stock after selling 14,879 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Emerson Electric were worth $174,989,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Blackston Financial Advisory Group LLC bought a new stake in Emerson Electric in the fourth quarter worth $241,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Emerson Electric by 23.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after acquiring an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK increased its holdings in shares of Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after acquiring an additional 76,868 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Emerson Electric in the 4th quarter valued at approximately $3,358,000. Finally, Kesler Norman & Wride LLC lifted its holdings in Emerson Electric by 162.0% in the 4th quarter. Kesler Norman & Wride LLC now owns 49,141 shares of the industrial products company’s stock worth $4,783,000 after purchasing an additional 30,385 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EMR shares. Robert W. Baird dropped their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Citigroup boosted their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho lifted their price objective on Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Berenberg Bank increased their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their price target on Emerson Electric from $133.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 26th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $122.76.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $1.37 on Wednesday, hitting $110.64. The stock had a trading volume of 209,962 shares, compared to its average volume of 2,674,951. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $116.76. The company has a market capitalization of $63.30 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32. The firm’s 50 day moving average price is $109.99 and its 200-day moving average price is $105.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. On average, equities research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. Emerson Electric’s payout ratio is 11.24%.

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.