Emerson Electric Co. (NYSE:EMR) Shares Sold by Public Employees Retirement System of Ohio

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Emerson Electric by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 39,482 shares of the industrial products company’s stock worth $3,843,000 after buying an additional 848 shares during the last quarter. Trueblood Wealth Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $217,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Emerson Electric during the 4th quarter worth $191,000. Global Retirement Partners LLC raised its stake in shares of Emerson Electric by 12.9% during the 4th quarter. Global Retirement Partners LLC now owns 7,065 shares of the industrial products company’s stock worth $659,000 after buying an additional 809 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of Emerson Electric by 20.6% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 436,554 shares of the industrial products company’s stock worth $42,490,000 after buying an additional 74,445 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on EMR. Robert W. Baird cut their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Barclays lifted their price target on Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Wells Fargo & Company lifted their price target on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They issued a “buy” rating and a $135.00 price target for the company. Finally, Citigroup lifted their price target on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.44.

Emerson Electric Stock Up 0.9 %

Emerson Electric stock traded up $1.06 during midday trading on Monday, hitting $117.90. 1,119,353 shares of the company were exchanged, compared to its average volume of 2,622,022. The company’s fifty day moving average price is $111.23 and its 200-day moving average price is $108.27. The company has a market cap of $67.45 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $119.53.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors 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 currently 11.24%.

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.