California Public Employees Retirement System Raises Holdings in Emerson Electric Co. $EMR

California Public Employees Retirement System raised its stake in Emerson Electric Co. (NYSE:EMR) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932,024 shares of the industrial products company’s stock after purchasing an additional 48,224 shares during the period. California Public Employees Retirement System’s holdings in Emerson Electric were worth $124,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in EMR. Vanguard Group Inc. lifted its stake in Emerson Electric by 1.3% in the second quarter. Vanguard Group Inc. now owns 54,129,898 shares of the industrial products company’s stock worth $7,217,139,000 after acquiring an additional 695,105 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Emerson Electric by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock valued at $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Emerson Electric by 75.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock worth $1,671,762,000 after purchasing an additional 5,371,585 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Emerson Electric by 0.7% during the second quarter. Geode Capital Management LLC now owns 12,143,357 shares of the industrial products company’s stock worth $1,610,958,000 after purchasing an additional 89,192 shares in the last quarter. Finally, Nordea Investment Management AB increased its holdings in Emerson Electric by 19.5% in the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock valued at $1,223,947,000 after buying an additional 1,499,000 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares of the company’s stock, valued at approximately $26,106,836. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Performance

Shares of EMR opened at $137.36 on Monday. The company’s 50 day simple moving average is $131.70 and its 200-day simple moving average is $132.53. The firm has a market cap of $77.24 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 12.73% and a return on equity of 15.87%. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric announced that its board has approved a stock buyback program on Wednesday, November 5th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Emerson Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.22 annualized dividend and a yield of 1.6%. Emerson Electric’s payout ratio is presently 54.95%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EMR shares. Daiwa Capital Markets upped their price objective on Emerson Electric from $150.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Wolfe Research upped their target price on shares of Emerson Electric from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Finally, Barclays increased their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $147.67.

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.