Emerson Electric Co. (NYSE:EMR) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,614 shares of the industrial products company’s stock after selling 630 shares during the quarter. Kentucky Retirement Systems’ holdings in Emerson Electric were worth $4,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley boosted its stake in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after buying an additional 1,008,294 shares in the last quarter. Invesco Ltd. boosted its position in shares of Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after purchasing an additional 1,558,903 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Emerson Electric by 2.4% in the 3rd quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock worth $692,176,000 after purchasing an additional 168,783 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Emerson Electric by 1.8% during the third quarter. Stifel Financial Corp now owns 4,557,738 shares of the industrial products company’s stock valued at $440,145,000 after purchasing an additional 80,451 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on EMR shares. Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $123.00 to $138.00 in a research report on Thursday, May 9th. Barclays lifted their price target on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Bank of America upped their price objective on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.56.

Read Our Latest Stock Report on Emerson Electric

Emerson Electric Stock Up 0.1 %

EMR traded up $0.06 during trading on Friday, reaching $112.88. 1,619,656 shares of the stock traded hands, compared to its average volume of 3,321,021. 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 $76.94 and a fifty-two week high of $116.76. The stock’s 50-day simple moving average is $111.49 and its two-hundred day simple moving average is $101.28. The stock has a market cap of $64.58 billion, a price-to-earnings ratio of 6.04, a price-to-earnings-growth ratio of 1.93 and a beta of 1.36.

Emerson Electric (NYSE:EMRGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company earned $1.09 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio is currently 11.24%.

Emerson Electric Company 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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