Public Employees Retirement System of Ohio Has $30.09 Million Position in Emerson Electric Co. (NYSE:EMR)

Public Employees Retirement System of Ohio lowered its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,822 shares of the industrial products company's stock after selling 12,021 shares during the period. Public Employees Retirement System of Ohio's holdings in Emerson Electric were worth $30,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Stephens Consulting LLC bought a new stake in Emerson Electric in the fourth quarter valued at about $25,000. Orion Capital Management LLC bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $28,000. Finally, YANKCOM Partnership bought a new position in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 2.2%

Shares of EMR traded up $2.66 during mid-day trading on Tuesday, reaching $120.90. The company's stock had a trading volume of 2,591,984 shares, compared to its average volume of 2,927,529. The business has a fifty day moving average of $108.15 and a 200 day moving average of $118.94. The company has a market cap of $68.01 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the business posted $1.36 earnings per share. Emerson Electric's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Analyst Ratings Changes

Several equities analysts have recently commented on EMR shares. Citigroup upped their target price on Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a report on Thursday, May 8th. KeyCorp decreased their price objective on Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Daiwa America raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, January 28th. Finally, Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.06.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the transaction, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

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.