California Public Employees Retirement System boosted its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 31.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360,140 shares of the industrial products company’s stock after buying an additional 321,476 shares during the quarter. California Public Employees Retirement System’s holdings in Emerson Electric were worth $178,206,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Basso Capital Management L.P. acquired a new position in shares of Emerson Electric in the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in Emerson Electric during the 4th quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new stake in Emerson Electric during the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric in the 2nd quarter valued at approximately $29,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $29,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.
Emerson Electric Stock Performance
Shares of EMR opened at $139.39 on Friday. The stock has a market capitalization of $78.07 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. The business’s fifty day moving average price is $140.35 and its 200 day moving average price is $141.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. Emerson Electric Co. has a 12-month low of $122.64 and a 12-month high of $165.15.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. Emerson Electric’s dividend payout ratio is currently 51.27%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on EMR. KeyCorp dropped their price target on shares of Emerson Electric from $185.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada increased their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research note on Monday, May 4th. Finally, Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Tuesday, March 31st. They issued a “buy” rating and a $175.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $162.64.
Check Out Our Latest Analysis on Emerson Electric
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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