Teacher Retirement System of Texas decreased its position in shares of Emerson Electric (NYSE:EMR) by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,099 shares of the industrial products company’s stock after selling 32,339 shares during the quarter. Teacher Retirement System of Texas’ holdings in Emerson Electric were worth $9,705,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EMR. Keeler Thomas Management LLC acquired a new position in Emerson Electric during the 4th quarter worth about $818,000. Baugh & Associates LLC acquired a new position in Emerson Electric during the 4th quarter worth about $2,144,000. Jump Trading LLC lifted its holdings in Emerson Electric by 124.3% during the 4th quarter. Jump Trading LLC now owns 7,141 shares of the industrial products company’s stock worth $498,000 after buying an additional 3,957 shares during the period. Vantage Financial Partners Ltd. Inc. acquired a new position in Emerson Electric during the 4th quarter worth about $202,000. Finally, Moors & Cabot Inc. lifted its holdings in Emerson Electric by 2.3% during the 4th quarter. Moors & Cabot Inc. now owns 62,509 shares of the industrial products company’s stock worth $4,353,000 after buying an additional 1,434 shares during the period. 69.53% of the stock is currently owned by institutional investors.
Several research analysts have commented on the company. UBS assumed coverage on Emerson Electric in a report on Monday, January 22nd. They set a “buy” rating and a $73.26 target price on the stock. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $74.45 to $56.77 in a report on Thursday, February 1st. Barclays assumed coverage on Emerson Electric in a report on Thursday, February 15th. They set an “overweight” rating and a $80.00 target price on the stock. Cowen reaffirmed a “buy” rating and set a $78.00 target price on shares of Emerson Electric in a report on Wednesday, April 18th. Finally, Royal Bank of Canada raised Emerson Electric from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $70.38 to $80.00 in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.00.
Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.22 billion. Emerson Electric had a return on equity of 21.69% and a net margin of 10.83%. The firm’s revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. equities research analysts forecast that Emerson Electric will post 3.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 11th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 10th. Emerson Electric’s dividend payout ratio is 73.48%.
About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.
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