Meiji Yasuda Life Insurance Co Has $896,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Meiji Yasuda Life Insurance Co increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 334.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,130 shares of the industrial products company’s stock after acquiring an additional 6,260 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Emerson Electric were worth $896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at $31,000. Meeder Asset Management Inc. lifted its stake in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares in the last quarter. Security National Bank acquired a new stake in Emerson Electric during the 4th quarter worth about $29,000. Tributary Capital Management LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $35,000. Finally, Cape Investment Advisory Inc. lifted its position in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.2 %

Shares of NYSE:EMR opened at $103.70 on Thursday. Emerson Electric Co. has a 52-week low of $83.10 and a 52-week high of $119.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The company has a market cap of $59.33 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.66 and a beta of 1.30. The stock’s 50-day moving average is $107.39 and its 200-day moving average is $109.50.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business posted $1.29 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 2.03%. Emerson Electric’s dividend payout ratio is 11.24%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. Royal Bank of Canada reduced their price objective on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Barclays reduced their price target on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Finally, Robert W. Baird increased their price objective on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $124.29.

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.