New York State Common Retirement Fund Has $109 Million Holdings in Emerson Electric Co. (NYSE:EMR)

New York State Common Retirement Fund reduced its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 879,499 shares of the industrial products company's stock after selling 39,971 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Emerson Electric worth $108,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EMR. State Street Corp lifted its holdings 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. Wellington Management Group LLP lifted its holdings in Emerson Electric by 4.2% during the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after buying an additional 581,102 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Emerson Electric by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after buying an additional 162,985 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Emerson Electric by 5.7% during the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after buying an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after buying an additional 2,016,075 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Daiwa America raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective on the stock. Robert W. Baird raised their price objective on Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Finally, StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of "Moderate Buy" and a consensus price target of $136.90.

Emerson Electric Stock Down 2.5 %

Shares of NYSE EMR traded down $3.10 during mid-day trading on Friday, hitting $121.65. The company had a trading volume of 1,144,178 shares, compared to its average volume of 2,817,269. The company has a market capitalization of $68.60 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The firm has a 50-day simple moving average of $125.25 and a two-hundred day simple moving average of $117.40. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

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

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, February 14th. Emerson Electric's dividend payout ratio (DPR) is presently 50.36%.

Emerson Electric Company 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.