Public Employees Retirement System of Ohio Sells 42,857 Shares of Emerson Electric Co. (NYSE:EMR)

Public Employees Retirement System of Ohio decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 13.8% in the first quarter, Holdings Channel.com reports. The firm owned 268,471 shares of the industrial products company’s stock after selling 42,857 shares during the period. Public Employees Retirement System of Ohio’s holdings in Emerson Electric were worth $30,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust Co. VA bought a new position in shares of Emerson Electric during the first quarter valued at approximately $1,011,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Emerson Electric by 23.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock valued at $4,703,000 after acquiring an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK increased its position in shares of Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after acquiring an additional 76,868 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $3,358,000. Finally, Exencial Wealth Advisors LLC increased its position in shares of Emerson Electric by 17.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after acquiring an additional 7,358 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 0.9 %

Emerson Electric stock traded up $1.06 during trading hours on Monday, hitting $117.90. The company had a trading volume of 1,119,353 shares, compared to its average volume of 2,622,022. The firm has a market cap of $67.45 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.18. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company has a 50-day moving average price of $111.23 and a two-hundred day moving average price of $108.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. On average, sell-side analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.78%. Emerson Electric’s payout ratio is 11.24%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Mizuho raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Robert W. Baird dropped their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Barclays lifted their target price on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.44.

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.