Emerson Electric Co. (NYSE:EMR) Stake Reduced by State of Michigan Retirement System

State of Michigan Retirement System reduced its stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,120 shares of the industrial products company’s stock after selling 500 shares during the quarter. State of Michigan Retirement System’s holdings in Emerson Electric were worth $15,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of EMR. Resurgent Financial Advisors LLC bought a new position in shares of Emerson Electric in the fourth quarter worth $32,000. Certified Advisory Corp acquired a new stake in shares of Emerson Electric in the first quarter valued at $34,000. West Tower Group LLC acquired a new stake in shares of Emerson Electric in the second quarter valued at $35,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Emerson Electric in the third quarter valued at $42,000. Finally, Rational Advisors LLC purchased a new stake in shares of Emerson Electric during the third quarter valued at $42,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $113.34 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $64.69 billion, a P/E ratio of 5.90, a price-to-earnings-growth ratio of 1.97 and a beta of 1.37. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $114.11. The stock’s 50 day moving average price is $105.45 and its two-hundred day moving average price is $97.31.

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

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.85%. Emerson Electric’s dividend payout ratio is 10.94%.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EMR. KeyCorp upped their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Mizuho upped their target price on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Berenberg Bank increased their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada increased their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Finally, Bank of America increased their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.56.

Read Our Latest Research Report on Emerson Electric

Emerson Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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