Public Employees Retirement Association of Colorado decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,066,276 shares of the industrial products company’s stock after selling 190,495 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.19% of Emerson Electric worth $141,516,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. IFC & Insurance Marketing Inc. purchased a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Motiv8 Investments LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $27,000. Ares Financial Consulting LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the second quarter worth $29,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Trading Down 0.0%
Shares of EMR stock opened at $143.06 on Monday. The company has a 50-day moving average of $139.73 and a two-hundred day moving average of $140.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $165.15. The firm has a market cap of $80.13 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 2.28 and a beta of 1.25.
Emerson Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $0.555 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is presently 51.27%.
Analyst Ratings Changes
EMR has been the subject of a number of analyst reports. Sanford C. Bernstein began coverage on shares of Emerson Electric in a report on Wednesday, June 10th. They issued an “outperform” rating and a $175.00 price objective for the company. Wolfe Research cut their price objective on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Jefferies Financial Group began coverage on shares of Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price objective for the company. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Daiwa Securities Group cut their price objective on shares of Emerson Electric from $177.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.77.
Get Our Latest Stock Analysis on Emerson Electric
About Emerson Electric
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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