Teachers Retirement System of The State of Kentucky Decreases Position in Emerson Electric Co. (NYSE:EMR)

Teachers Retirement System of The State of Kentucky reduced its stake in Emerson Electric Co. (NYSE:EMR) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,855 shares of the industrial products company’s stock after selling 6,002 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Emerson Electric were worth $18,050,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EMR. Newport Trust Company LLC acquired a new stake in shares of Emerson Electric during the second quarter worth about $574,908,000. First Trust Advisors LP increased its position in Emerson Electric by 219.2% during the fourth quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after buying an additional 1,786,583 shares during the period. Wellington Management Group LLP lifted its stake in Emerson Electric by 12.5% in the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares during the last quarter. Swedbank AB acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $129,670,000. Finally, Clean Energy Transition LLP grew its position in shares of Emerson Electric by 110.7% during the first quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after acquiring an additional 990,615 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. Oppenheimer increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company reduced their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Morgan Stanley started coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.59.

Emerson Electric Trading Down 0.1 %

Shares of EMR opened at $109.25 on Wednesday. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $62.50 billion, a P/E ratio of 5.85, a PEG ratio of 1.74 and a beta of 1.30. The firm’s 50-day moving average is $105.65 and its two-hundred day moving average is $109.31.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. Emerson Electric’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s dividend payout ratio (DPR) 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.