4,555 Emerson Electric Co. $EMR Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in shares of Emerson Electric Co. (NYSE:EMR) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,824 shares of the industrial products company’s stock after purchasing an additional 4,555 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Emerson Electric were worth $5,401,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Emerson Electric by 9.4% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 101,731 shares of the industrial products company’s stock valued at $14,563,000 after purchasing an additional 8,700 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Emerson Electric during the 2nd quarter worth approximately $6,193,425,000. Corient Private Wealth LP acquired a new position in shares of Emerson Electric during the 2nd quarter worth approximately $129,817,000. Generali Investments Management Co LLC raised its position in shares of Emerson Electric by 91.2% during the 2nd quarter. Generali Investments Management Co LLC now owns 31,339 shares of the industrial products company’s stock worth $4,486,000 after purchasing an additional 14,952 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Emerson Electric by 4.0% in the 2nd quarter. NewEdge Advisors LLC now owns 438,351 shares of the industrial products company’s stock valued at $62,750,000 after buying an additional 16,806 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock opened at $167.22 on Friday. Emerson Electric Co. has a one year low of $122.64 and a one year high of $172.00. The firm has a market capitalization of $91.74 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.70 and a current ratio of 0.94. The company has a 50 day moving average price of $159.25 and a 200 day moving average price of $147.99.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a return on equity of 18.08% and a net margin of 14.15%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Emerson Electric Co. will post 7.37 EPS for the current year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be paid a $0.5950 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. Emerson Electric’s payout ratio is 46.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EMR shares. Citigroup increased their target price on Emerson Electric from $182.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, November 5th. TD Cowen upped their price objective on Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, September 25th. Sanford C. Bernstein increased their price objective on Emerson Electric from $186.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. DA Davidson lifted their price objective on Emerson Electric from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley dropped their price objective on Emerson Electric from $145.00 to $140.00 and set an “underweight” rating for the company in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $175.58.

Emerson Electric Company Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.