Retirement Systems of Alabama Sells 5,646 Shares of Emerson Electric Co. (NYSE:EMR)

Retirement Systems of Alabama reduced its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 416,336 shares of the industrial products company's stock after selling 5,646 shares during the period. Retirement Systems of Alabama owned approximately 0.07% of Emerson Electric worth $45,647,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Emerson Electric by 16.8% in the 1st quarter. Blue Trust Inc. now owns 4,935 shares of the industrial products company's stock worth $541,000 after acquiring an additional 711 shares during the period. ORG Wealth Partners LLC raised its stake in shares of Emerson Electric by 126.4% in the first quarter. ORG Wealth Partners LLC now owns 1,465 shares of the industrial products company's stock valued at $161,000 after purchasing an additional 818 shares in the last quarter. Plimoth Trust Co. LLC lifted its position in Emerson Electric by 1.9% in the first quarter. Plimoth Trust Co. LLC now owns 22,984 shares of the industrial products company's stock worth $2,520,000 after purchasing an additional 423 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Emerson Electric by 4.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 16,124 shares of the industrial products company's stock worth $1,768,000 after buying an additional 758 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its holdings in Emerson Electric by 12.4% in the 1st quarter. Centennial Wealth Advisory LLC now owns 3,211 shares of the industrial products company's stock valued at $352,000 after buying an additional 355 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EMR shares. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. KeyCorp upped their price target on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Royal Bank Of Canada lifted their price objective on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Robert W. Baird dropped their target price on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $136.47.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $128.54 on Friday. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The stock's 50 day moving average is $114.58 and its 200-day moving average is $118.29. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $72.31 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 2.54 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The company's quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

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.

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