Emerson Electric Co. (NYSE:EMR) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its position in Emerson Electric Co. (NYSE:EMR) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,798 shares of the industrial products company’s stock after acquiring an additional 763 shares during the quarter. Arizona State Retirement System’s holdings in Emerson Electric were worth $20,423,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EMR. Swedbank AB grew its position in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC grew its position in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after buying an additional 180 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Emerson Electric by 6.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 231,232 shares of the industrial products company’s stock worth $25,290,000 after buying an additional 13,523 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Emerson Electric by 16.7% during the third quarter. Impax Asset Management Group plc now owns 107,446 shares of the industrial products company’s stock worth $11,751,000 after buying an additional 15,340 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter worth about $43,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EMR. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Barclays boosted their target price on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.26.

Emerson Electric Trading Up 1.7 %

NYSE:EMR opened at $115.97 on Thursday. The firm has a market cap of $65.39 billion, a P/E ratio of 27.68, a PEG ratio of 2.49 and a beta of 1.34. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $123.98 and its 200-day simple moving average is $118.43. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm 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 1.82%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

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.