Teacher Retirement System of Texas Trims Stock Position in Emerson Electric Co. $EMR

Teacher Retirement System of Texas lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 15.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 179,114 shares of the industrial products company’s stock after selling 31,730 shares during the quarter. Teacher Retirement System of Texas’ holdings in Emerson Electric were worth $23,881,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EMR. Saudi Central Bank purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Emerson Electric in the 1st quarter valued at $27,000. PFS Partners LLC raised its position in Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Emerson Electric in the 2nd quarter valued at $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Emerson Electric by 436.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR opened at $134.41 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a market capitalization of $75.64 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.29 and a beta of 1.29. The company’s fifty day moving average is $131.83 and its two-hundred day moving average is $127.51.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $3.16 billion for the quarter. On average, sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is 45.38%.

Analyst Upgrades and Downgrades

Several analysts recently commented on EMR shares. Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Wolfe Research reduced their price target on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, October 8th. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Finally, Daiwa Capital Markets boosted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.28.

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.