California Public Employees Retirement System Sells 63,721 Shares of Emerson Electric Co. (NYSE:EMR)

California Public Employees Retirement System trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 915,828 shares of the industrial products company's stock after selling 63,721 shares during the period. California Public Employees Retirement System owned approximately 0.16% of Emerson Electric worth $113,499,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EMR. Norges Bank bought a new position in Emerson Electric in the 4th quarter valued at $885,886,000. Raymond James Financial Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $297,947,000. Boston Partners raised its holdings in shares of Emerson Electric by 136.3% in the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after buying an additional 1,913,120 shares during the last quarter. State Street Corp lifted its position in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Emerson Electric by 234.2% during the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock worth $252,313,000 after acquiring an additional 1,426,718 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Emerson Electric Stock Performance

EMR traded down $7.42 during trading hours on Friday, reaching $94.47. The company's stock had a trading volume of 5,816,489 shares, compared to its average volume of 2,844,630. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The company's 50-day moving average is $118.39 and its 200-day moving average is $119.74. Emerson Electric Co. has a 52 week low of $92.23 and a 52 week high of $134.85. The firm has a market cap of $53.27 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EMR. Wells Fargo & Company upped their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup began coverage on shares of Emerson Electric in a report on Monday, March 17th. They issued a "buy" rating and a $132.00 price target for the company. Jefferies Financial Group initiated coverage on Emerson Electric in a report on Thursday, December 12th. They set a "buy" rating and a $160.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Finally, KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.94.

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.