California Public Employees Retirement System Boosts Position in Emerson Electric Co. (NYSE:EMR)

California Public Employees Retirement System boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 55.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,696,755 shares of the industrial products company’s stock after purchasing an additional 604,407 shares during the quarter. California Public Employees Retirement System’s holdings in Emerson Electric were worth $165,145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after acquiring an additional 1,008,294 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after acquiring an additional 1,184,202 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. Northern Trust Corp lifted its position in Emerson Electric by 2.4% during the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock worth $692,176,000 after buying an additional 168,783 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Emerson Electric by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock worth $566,398,000 after buying an additional 165,249 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EMR. Bank of America increased their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Mizuho increased their target price on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. KeyCorp increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Barclays raised their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Finally, UBS Group raised their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.25.

Emerson Electric Stock Up 1.2 %

Shares of NYSE:EMR traded up $1.30 during mid-day trading on Tuesday, hitting $109.93. 362,079 shares of the company traded hands, compared to its average volume of 2,618,677. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. The firm’s 50 day simple moving average is $110.06 and its 200 day simple moving average is $98.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The firm has a market cap of $62.75 billion, a P/E ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm earned $0.78 EPS. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s payout ratio is 10.94%.

Emerson Electric Company Profile

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.