Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,875 shares of the industrial products company's stock after buying an additional 5,730 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Emerson Electric were worth $20,680,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of EMR. Stephens Consulting LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Emerson Electric in the fourth quarter worth $28,000. YANKCOM Partnership bought a new stake in shares of Emerson Electric during the 4th quarter worth $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on EMR. KeyCorp decreased their price target on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average price target of $131.67.
View Our Latest Stock Report on Emerson Electric
Emerson Electric Price Performance
NYSE EMR traded up $1.32 during trading on Wednesday, reaching $101.11. 3,838,128 shares of the company traded hands, compared to its average volume of 2,929,046. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. 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 stock's 50 day moving average price is $110.03 and its two-hundred day moving average price is $118.72. The company has a market cap of $57.01 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.49 and a beta of 1.28.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.
Emerson Electric Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 2.09%. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.
About Emerson Electric
(
Free Report)
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.
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