New York State Teachers Retirement System lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 466,952 shares of the industrial products company's stock after selling 26,178 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Emerson Electric worth $57,869,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of EMR. Creative Planning lifted its stake in Emerson Electric by 1.5% during the third quarter. Creative Planning now owns 184,707 shares of the industrial products company's stock worth $20,201,000 after purchasing an additional 2,768 shares during the last quarter. Swedbank AB lifted its position in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company's stock worth $278,285,000 after buying an additional 1,424,800 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its stake in Emerson Electric by 3.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 9,922 shares of the industrial products company's stock worth $1,085,000 after buying an additional 371 shares in the last quarter. Buffington Mohr McNeal purchased a new position in shares of Emerson Electric during the third quarter worth approximately $221,000. Finally, Teamwork Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth approximately $3,275,000. 74.30% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. Barclays lifted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Finally, Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and a consensus target price of $136.90.
Read Our Latest Stock Report on Emerson Electric
Emerson Electric Trading Down 0.4 %
Emerson Electric stock traded down $0.54 during trading on Wednesday, hitting $124.47. The company had a trading volume of 1,781,195 shares, compared to its average volume of 2,916,796. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market cap of $70.19 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34. The company's 50 day simple moving average is $125.51 and its 200-day simple moving average is $117.30. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85.
Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.70%. Emerson Electric's payout ratio is currently 50.36%.
Emerson Electric Company Profile
(
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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