Public Sector Pension Investment Board Boosts Stake in Emerson Electric Co. (NYSE:EMR)

Key Points

• The Public Sector Pension Investment Board increased its stake in Emerson Electric Co. by 6.9%, acquiring an additional 4,874 shares, bringing its total holdings to 76,002 shares valued at $8.33 million.
• Emerson Electric's stock is currently trading at $131.78, down 1.9%, with a market cap of $74.17 billion and a recent earnings beat with $1.52 EPS.
• The company announced a quarterly dividend of $0.5275, which translates to an annual yield of 1.6%, to be paid on September 10th.

Public Sector Pension Investment Board lifted its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,002 shares of the industrial products company's stock after purchasing an additional 4,874 shares during the period. Public Sector Pension Investment Board's holdings in Emerson Electric were worth $8,333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric in the 4th quarter worth $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric in the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric in the 1st quarter worth $28,000. Finally, Fourth Dimension Wealth LLC increased its stake in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after buying an additional 154 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Down 1.9%

Shares of NYSE:EMR traded down $2.59 during trading on Friday, reaching $131.78. The company's stock had a trading volume of 3,316,383 shares, compared to its average volume of 3,822,612. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm's 50 day simple moving average is $136.53 and its two-hundred day simple moving average is $121.77. The stock has a market capitalization of $74.17 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio is 45.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. TD Cowen upgraded Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Robert W. Baird cut their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada increased their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, KeyCorp increased their price target on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

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.