Public Employees Retirement Association of Colorado Reduces Stake in Emerson Electric Company (EMR)

Public Employees Retirement Association of Colorado cut its stake in Emerson Electric Company (NYSE:EMR) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 119,367 shares of the industrial products company’s stock after selling 3,815 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Emerson Electric Company were worth $7,145,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Northwest Quadrant Wealth Management LLC bought a new stake in shares of Emerson Electric Company during the fourth quarter valued at approximately $111,000. Elgethun Capital Management bought a new stake in shares of Emerson Electric Company during the fourth quarter valued at approximately $114,000. First Command Financial Services Inc. raised its stake in shares of Emerson Electric Company by 18.9% in the first quarter. First Command Financial Services Inc. now owns 1,935 shares of the industrial products company’s stock valued at $116,000 after buying an additional 307 shares during the period. RidgeWorth Capital Management LLC raised its stake in shares of Emerson Electric Company by 23.1% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,183 shares of the industrial products company’s stock valued at $122,000 after buying an additional 410 shares during the period. Finally, Central Bank & Trust Co. raised its stake in shares of Emerson Electric Company by 31.3% in the first quarter. Central Bank & Trust Co. now owns 2,100 shares of the industrial products company’s stock valued at $126,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 69.82% of the company’s stock.

Institutional Ownership by Quarter for Emerson Electric Company (NYSE:EMR)

Shares of Emerson Electric Company (NYSE EMR) opened at 61.38 on Tuesday. The company’s 50 day moving average is $59.25 and its 200 day moving average is $59.12. The company has a market cap of $39.56 billion, a P/E ratio of 26.22 and a beta of 1.17. Emerson Electric Company has a 12 month low of $48.45 and a 12 month high of $64.36.

Emerson Electric Company (NYSE:EMR) last posted its earnings results on Tuesday, May 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. Emerson Electric Company had a net margin of 8.72% and a return on equity of 23.37%. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Emerson Electric Company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts predict that Emerson Electric Company will post $2.60 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 12th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.92 dividend on an annualized basis and a yield of 3.13%. Emerson Electric Company’s payout ratio is 81.70%.

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Several analysts have commented on the stock. Berenberg Bank restated a “sell” rating and issued a $53.00 price objective on shares of Emerson Electric Company in a report on Wednesday, February 22nd. BidaskClub lowered shares of Emerson Electric Company from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Zacks Investment Research upgraded shares of Emerson Electric Company from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Thursday, March 2nd. Cowen and Company reiterated a “hold” rating and set a $62.00 target price on shares of Emerson Electric Company in a report on Tuesday, May 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $67.00 target price (up from $65.00) on shares of Emerson Electric Company in a report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.57.

Emerson Electric Company Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EMR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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