Public Employees Retirement Association of Colorado Decreases Holdings in Emerson Electric Co. (NYSE:EMR)

Public Employees Retirement Association of Colorado lowered its stake in Emerson Electric Co. (NYSE:EMR) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,806 shares of the industrial products company’s stock after selling 3,525 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Emerson Electric were worth $9,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Emerson Electric during the fourth quarter worth $764,604,000. First Trust Advisors LP boosted its stake in shares of Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after purchasing an additional 1,786,583 shares during the period. Wellington Management Group LLP grew its holdings in Emerson Electric by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after purchasing an additional 1,488,948 shares during the last quarter. Clean Energy Transition LLP raised its position in Emerson Electric by 110.7% in the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after purchasing an additional 990,615 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Emerson Electric by 55.3% during the fourth quarter. California Public Employees Retirement System now owns 1,696,755 shares of the industrial products company’s stock valued at $165,145,000 after buying an additional 604,407 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.8 %

EMR opened at $117.80 on Tuesday. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The stock has a fifty day moving average price of $111.31 and a 200-day moving average price of $108.44. The firm has a market cap of $67.39 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 1.99 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EMR shares. Deutsche Bank Aktiengesellschaft upgraded Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the stock from $123.00 to $138.00 in a report on Thursday, May 9th. Mizuho boosted their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Finally, Robert W. Baird reduced their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.