Nomura Holdings Inc. Reduces Stake in Emerson Electric Company (NYSE:EMR)

Nomura Holdings Inc. lowered its position in Emerson Electric Company (NYSE:EMR) by 40.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,885 shares of the industrial products company’s stock after selling 35,126 shares during the period. Nomura Holdings Inc.’s holdings in Emerson Electric were worth $3,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Emerson Electric by 6.1% in the first quarter. Signaturefd LLC now owns 7,887 shares of the industrial products company’s stock worth $472,000 after buying an additional 451 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of Emerson Electric during the first quarter worth $657,000. Weiss Multi Strategy Advisers LLC purchased a new position in shares of Emerson Electric during the first quarter worth $4,047,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Emerson Electric during the first quarter worth $127,000. Finally, Logan Capital Management Inc. raised its position in shares of Emerson Electric by 14.3% in the first quarter. Logan Capital Management Inc. now owns 8,964 shares of the industrial products company’s stock worth $537,000 after buying an additional 1,123 shares during the last quarter. 69.06% of the stock is currently owned by institutional investors.

Shares of Emerson Electric Company (NYSE:EMR) traded down 0.42% on Friday, reaching $58.89. The company’s stock had a trading volume of 739,218 shares. The stock has a 50-day moving average of $59.83 and a 200 day moving average of $59.83. The company has a market cap of $37.69 billion, a price-to-earnings ratio of 26.28 and a beta of 1.20. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Emerson Electric had a return on equity of 22.32% and a net margin of 8.89%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that Emerson Electric Company will post $2.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.

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A number of brokerages have recently weighed in on EMR. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research report on Wednesday, August 2nd. BidaskClub lowered Emerson Electric from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a research report on Wednesday, July 19th. Morgan Stanley reissued an “overweight” rating on shares of Emerson Electric in a research report on Tuesday, July 11th. Finally, JMP Securities assumed coverage on Emerson Electric in a research report on Monday, June 19th. They issued an “outperform” rating and a $70.00 price target for the company. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. Emerson Electric has a consensus rating of “Hold” and an average price target of $58.14.

Emerson Electric Company Profile

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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