Teachers Retirement System of The State of Kentucky Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Teachers Retirement System of The State of Kentucky grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 24.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,005 shares of the industrial products company's stock after purchasing an additional 41,130 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Emerson Electric were worth $22,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Vanguard Group Inc. grew its holdings in Emerson Electric by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 53,536,974 shares of the industrial products company's stock worth $6,634,837,000 after acquiring an additional 384,313 shares in the last quarter. Geode Capital Management LLC grew its stake in Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock worth $1,443,725,000 after buying an additional 232,540 shares during the last quarter. Norges Bank purchased a new stake in Emerson Electric in the fourth quarter valued at about $885,886,000. Northern Trust Corp boosted its holdings in Emerson Electric by 5.9% in the fourth quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock worth $827,377,000 after acquiring an additional 370,560 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Emerson Electric by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 4,376,492 shares of the industrial products company's stock valued at $542,379,000 after acquiring an additional 171,946 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Insider Activity at Emerson Electric

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

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $1.68 on Tuesday, hitting $144.59. The company's stock had a trading volume of 1,640,308 shares, compared to its average volume of 2,988,631. The company has a market capitalization of $81.33 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.80 and a beta of 1.29. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $145.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. The firm has a fifty day moving average price of $128.27 and a 200-day moving average price of $119.51.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 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 analysts' expectations of $4.42 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The business's revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.46%. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Robert W. Baird reduced their target price 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. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Stephens lifted their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Barclays raised their price target on shares of Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $142.28.

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.