California State Teachers Retirement System lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,065,255 shares of the industrial products company’s stock after purchasing an additional 12,002 shares during the period. California State Teachers Retirement System owned about 0.17% of Emerson Electric worth $63,649,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in EMR. Bank of New York Mellon Corp grew its stake in shares of Emerson Electric by 3,146,008.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock worth $717,967,000 after purchasing an additional 9,375,106 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Emerson Electric by 5,802.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,095,444 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,026,056 shares during the last quarter. BlackRock Inc. grew its stake in shares of Emerson Electric by 5.9% in the 4th quarter. BlackRock Inc. now owns 42,076,883 shares of the industrial products company’s stock worth $2,514,093,000 after purchasing an additional 2,358,763 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Emerson Electric by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock worth $3,951,622,000 after purchasing an additional 1,214,362 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Emerson Electric by 7.0% in the 3rd quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock worth $1,167,856,000 after purchasing an additional 1,000,000 shares during the last quarter. 71.54% of the stock is currently owned by institutional investors.
Shares of EMR opened at $67.48 on Friday. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The stock has a market capitalization of $41.38 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.11 and a beta of 1.24. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company posted $0.61 earnings per share. As a group, analysts anticipate that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 15th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Thursday, February 14th. Emerson Electric’s dividend payout ratio is currently 57.99%.
EMR has been the topic of several recent research reports. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Royal Bank of Canada cut shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $68.00 to $61.00 in a research note on Thursday, January 3rd. Wells Fargo & Co decreased their target price on shares of Emerson Electric from $77.00 to $69.00 and set a “market perform” rating for the company in a report on Wednesday, December 19th. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 target price for the company in a report on Thursday, January 3rd. Finally, Stephens assumed coverage on shares of Emerson Electric in a report on Monday, November 19th. They issued an “overweight” rating and a $80.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $76.28.
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Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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