Public Employees Retirement Association of Colorado decreased its position in Emerson Electric Co. (NYSE:EMR – Free Report) by 15.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,066,276 shares of the industrial products company’s stock after selling 190,495 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Emerson Electric were worth $141,516,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Rooted Wealth Advisors Inc. raised its holdings in Emerson Electric by 3.0% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 2,195 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 64 shares in the last quarter. Institute for Wealth Management LLC. raised its holdings in Emerson Electric by 1.6% in the fourth quarter. Institute for Wealth Management LLC. now owns 4,546 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 71 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Emerson Electric by 2.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,098 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 72 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its position in shares of Emerson Electric by 0.3% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 29,260 shares of the industrial products company’s stock worth $3,883,000 after buying an additional 76 shares during the last quarter. Finally, Zhang Financial LLC lifted its position in shares of Emerson Electric by 2.7% during the 4th quarter. Zhang Financial LLC now owns 2,892 shares of the industrial products company’s stock worth $384,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.
Emerson Electric Stock Performance
Shares of EMR opened at $143.06 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.64 and a current ratio of 0.87. The stock has a market capitalization of $80.13 billion, a P/E ratio of 33.04, a P/E/G ratio of 2.28 and a beta of 1.25. The company’s fifty day moving average is $139.73 and its two-hundred day moving average is $140.55. Emerson Electric Co. has a 1 year low of $122.64 and a 1 year high of $165.15.
Emerson Electric Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, May 15th. Emerson Electric’s payout ratio is presently 51.27%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on EMR shares. Royal Bank Of Canada boosted their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Wolfe Research cut their target price on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Daiwa Securities Group cut their target price on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Finally, Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Tuesday, March 31st. They issued a “buy” rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $163.77.
Check Out Our Latest Stock Report on Emerson Electric
About Emerson Electric
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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