Kentucky Retirement Systems Insurance Trust Fund Grows Stake in Emerson Electric Co. (NYSE:EMR)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Emerson Electric Co. (NYSE:EMR) by 47.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,929 shares of the industrial products company’s stock after buying an additional 7,973 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Emerson Electric were worth $3,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EMR. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter worth approximately $25,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $29,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EMR shares. Morgan Stanley upped their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target for the company. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

NYSE EMR opened at $123.30 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. The firm has a market capitalization of $70.22 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 2.16 and a beta of 1.34. The company’s fifty day moving average is $125.73 and its two-hundred day moving average is $117.11. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.