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

Arizona State Retirement System increased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 164,798 shares of the industrial products company’s stock after buying an additional 763 shares during the period. Arizona State Retirement System’s holdings in Emerson Electric were worth $20,423,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

EMR has been the topic of several research reports. KeyCorp upped their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. BNP Paribas started coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.26.

Emerson Electric Stock Performance

NYSE EMR opened at $115.97 on Thursday. The business’s 50-day moving average price is $123.98 and its 200 day moving average price is $118.43. The company has a market capitalization of $65.39 billion, a PE ratio of 27.68, a price-to-earnings-growth 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. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month 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 EPS for the quarter, topping 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%. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.82%. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Emerson Electric 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.