California Public Employees Retirement System Increases Stake in Emerson Electric Co. $EMR

California Public Employees Retirement System raised its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 932,024 shares of the industrial products company’s stock after buying an additional 48,224 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Emerson Electric worth $124,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 4,850 shares during the last quarter. Savvy Advisors Inc. grew its position in shares of Emerson Electric by 12.7% in the first quarter. Savvy Advisors Inc. now owns 2,980 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 335 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $190,000. Townsquare Capital LLC boosted its stake in Emerson Electric by 54.3% during the first quarter. Townsquare Capital LLC now owns 24,666 shares of the industrial products company’s stock worth $2,704,000 after buying an additional 8,676 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Emerson Electric by 28.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 124,750 shares of the industrial products company’s stock valued at $13,678,000 after buying an additional 27,672 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Daiwa Capital Markets boosted their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. dropped their price target on shares of Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Jefferies Financial Group cut their price target on shares of Emerson Electric from $155.00 to $145.00 and set a “buy” rating for the company in a report on Friday, November 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.67.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the transaction, the chief executive officer owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Emerson Electric Stock Up 0.5%

Emerson Electric stock opened at $137.36 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88. The firm has a 50 day moving average price of $131.70 and a 200 day moving average price of $132.53. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a market capitalization of $77.24 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%. Research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric announced that its board has initiated a share buyback program on Wednesday, November 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.