California Public Employees Retirement System Sells 63,721 Shares of Emerson Electric Co. (NYSE:EMR)

California Public Employees Retirement System lessened its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 915,828 shares of the industrial products company’s stock after selling 63,721 shares during the quarter. California Public Employees Retirement System owned approximately 0.16% of Emerson Electric worth $113,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EMR. Schroder Investment Management Group boosted its holdings in 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 purchasing an additional 171,946 shares in the last quarter. Allianz SE acquired a new stake in Emerson Electric in the 4th quarter valued at $10,808,000. Transamerica Financial Advisors Inc. grew its position in Emerson Electric by 101.3% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 1,194 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 601 shares during the period. WealthTrak Capital Management LLC acquired a new position in Emerson Electric during the fourth quarter worth $39,000. Finally, Allstate Corp acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $2,098,000. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Up 1.0 %

Shares of Emerson Electric stock opened at $109.74 on Tuesday. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.49 and a beta of 1.36. The stock’s 50-day moving average is $120.46 and its 200 day moving average is $119.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.92%. Emerson Electric’s payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EMR shares. Barclays cut their target price on shares of Emerson Electric from $110.00 to $105.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. KeyCorp raised their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Morgan Stanley upped their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.94.

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.