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

Teachers Retirement System of The State of Kentucky raised its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,875 shares of the industrial products company's stock after buying an additional 5,730 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Emerson Electric were worth $20,680,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EMR. Stephens Consulting LLC acquired a new stake in Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. acquired a new stake in Emerson Electric in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock traded up $0.19 during trading hours on Friday, reaching $105.24. The company had a trading volume of 2,636,051 shares, compared to its average volume of 2,936,578. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a one year low of $90.06 and a one year high of $134.85. The firm has a market cap of $59.34 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The business has a fifty day simple moving average of $109.27 and a 200 day simple moving average of $118.63.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. On average, analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 2.00%. Emerson Electric's payout ratio is currently 50.36%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMR. Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Finally, Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $131.67.

About Emerson Electric

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.