Public Employees Retirement Association of Colorado Sells 2,336 Shares of Emerson Electric Co. (NYSE:EMR)

Public Employees Retirement Association of Colorado trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,470 shares of the industrial products company’s stock after selling 2,336 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Emerson Electric were worth $8,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EMR. First Trust Advisors LP grew its position in Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after acquiring an additional 1,786,583 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Emerson Electric by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after purchasing an additional 1,488,948 shares during the last quarter. Swedbank AB bought a new position in shares of Emerson Electric in the 1st quarter worth $129,670,000. Clean Energy Transition LLP raised its stake in Emerson Electric by 110.7% during the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after buying an additional 990,615 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Emerson Electric during the 2nd quarter worth $61,304,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 0.7 %

NYSE:EMR opened at $105.16 on Friday. The firm has a 50-day simple moving average of $107.04 and a 200-day simple moving average of $109.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. Emerson Electric Co. has a one year low of $83.10 and a one year high of $119.53. The firm has a market cap of $60.16 billion, a P/E ratio of 5.63, a P/E/G ratio of 1.66 and a beta of 1.30.

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

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada reduced their price target on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Barclays lowered their price objective on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price objective on the stock. Finally, Oppenheimer cut their price target on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.29.

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.