New York State Common Retirement Fund Sells 71,502 Shares of Emerson Electric Co. (NYSE:EMR)

New York State Common Retirement Fund lowered its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,012,698 shares of the industrial products company's stock after selling 71,502 shares during the period. New York State Common Retirement Fund owned approximately 0.18% of Emerson Electric worth $98,566,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PDS Planning Inc grew its holdings in Emerson Electric by 5.7% in the fourth quarter. PDS Planning Inc now owns 6,008 shares of the industrial products company's stock worth $585,000 after purchasing an additional 322 shares during the period. 1900 Wealth Management LLC grew its holdings in Emerson Electric by 12.8% in the fourth quarter. 1900 Wealth Management LLC now owns 4,735 shares of the industrial products company's stock worth $461,000 after purchasing an additional 538 shares during the period. California Public Employees Retirement System grew its holdings in Emerson Electric by 55.3% in the fourth quarter. California Public Employees Retirement System now owns 1,696,755 shares of the industrial products company's stock worth $165,145,000 after purchasing an additional 604,407 shares during the period. Gimbal Financial purchased a new stake in Emerson Electric in the fourth quarter worth about $231,000. Finally, RWA Wealth Partners LLC lifted its stake in shares of Emerson Electric by 22.9% in the fourth quarter. RWA Wealth Partners LLC now owns 33,331 shares of the industrial products company's stock worth $3,244,000 after buying an additional 6,204 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the firm's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares of the company's stock, valued at $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Price Performance

Shares of NYSE EMR traded up $1.14 during midday trading on Tuesday, reaching $109.77. The stock had a trading volume of 2,044,545 shares, compared to its average volume of 2,640,698. The stock has a 50-day moving average of $110.06 and a 200-day moving average of $98.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The company has a market capitalization of $62.66 billion, a price-to-earnings ratio of 5.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion during the quarter, compared to analysts' expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. As a group, research analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.91%. Emerson Electric's payout ratio is 10.94%.

Wall Street Analyst Weigh In

EMR has been the topic of several analyst reports. Citigroup upped their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Berenberg Bank upped their target price on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Mizuho upped their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Barclays increased their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 2nd. Finally, UBS Group increased their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.25.

Emerson Electric Company 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.