New York State Teachers Retirement System Has $57.87 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

New York State Teachers Retirement System reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 466,952 shares of the industrial products company’s stock after selling 26,178 shares during the quarter. New York State Teachers Retirement System’s holdings in Emerson Electric were worth $57,869,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Asset Planning Inc acquired a new stake in Emerson Electric in the fourth quarter valued at about $82,000. V Square Quantitative Management LLC boosted its stake in Emerson Electric by 6.5% in the fourth quarter. V Square Quantitative Management LLC now owns 4,235 shares of the industrial products company’s stock valued at $525,000 after buying an additional 258 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Emerson Electric by 5.5% in the fourth quarter. Vontobel Holding Ltd. now owns 171,546 shares of the industrial products company’s stock valued at $21,260,000 after buying an additional 8,971 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in Emerson Electric by 5.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 2,719 shares of the industrial products company’s stock valued at $337,000 after buying an additional 130 shares in the last quarter. Finally, Buckhead Capital Management LLC acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $2,126,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Robert W. Baird lifted their price target on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Barclays lifted their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Trading Down 1.6 %

Shares of EMR stock opened at $123.30 on Friday. The company has a market cap of $70.22 billion, a P/E ratio of 29.43, a PEG ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a 50 day simple moving average of $125.89 and a two-hundred day simple moving average of $117.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Research analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio is 50.36%.

Emerson Electric 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.