Teacher Retirement System of Texas grew its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 227.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,246 shares of the industrial products company's stock after buying an additional 81,481 shares during the quarter. Teacher Retirement System of Texas' holdings in Emerson Electric were worth $14,530,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the 3rd quarter valued at about $29,000. YANKCOM Partnership purchased a new stake in Emerson Electric during the fourth quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in shares of Emerson Electric in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 74.30% of the company's stock.
Emerson Electric Trading Down 0.1 %
Shares of NYSE:EMR traded down $0.16 on Tuesday, reaching $115.21. 1,656,154 shares of the company traded hands, compared to its average volume of 2,661,521. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. 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 business's 50-day simple moving average is $121.44 and its 200 day simple moving average is $119.50. The stock has a market capitalization of $64.97 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.
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 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, equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.
Emerson Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's payout ratio is 50.36%.
Wall Street Analyst Weigh In
EMR has been the subject of several analyst reports. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a "buy" rating and a $160.00 price objective for the company. Citigroup began coverage on Emerson Electric in a report on Monday, March 17th. They issued a "buy" rating and a $132.00 price target for the company. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average price target of $136.22.
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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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