Kentucky Retirement Systems Has $1.63 Million Position in Emerson Electric Co. (EMR)

Kentucky Retirement Systems reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 53.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,237 shares of the industrial products company’s stock after selling 30,883 shares during the period. Kentucky Retirement Systems’ holdings in Emerson Electric were worth $1,627,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EMR. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Emerson Electric in the fourth quarter worth $740,000. Headinvest LLC lifted its position in Emerson Electric by 97.0% during the 4th quarter. Headinvest LLC now owns 155,257 shares of the industrial products company’s stock worth $9,277,000 after acquiring an additional 76,427 shares during the last quarter. CWM Advisors LLC lifted its position in Emerson Electric by 17.2% during the 4th quarter. CWM Advisors LLC now owns 9,118 shares of the industrial products company’s stock worth $545,000 after acquiring an additional 1,341 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in Emerson Electric by 4.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 7,029 shares of the industrial products company’s stock worth $477,000 after acquiring an additional 331 shares during the last quarter. Finally, WealthPLAN Partners LLC raised its position in shares of Emerson Electric by 24.3% during the fourth quarter. WealthPLAN Partners LLC now owns 87,983 shares of the industrial products company’s stock valued at $6,010,000 after buying an additional 17,184 shares during the last quarter. Institutional investors and hedge funds own 72.63% of the company’s stock.

NYSE:EMR traded up $0.20 during mid-day trading on Friday, hitting $72.51. The company’s stock had a trading volume of 3,219,574 shares, compared to its average volume of 2,342,672. Emerson Electric Co. has a fifty-two week low of $55.38 and a fifty-two week high of $79.70. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $44.57 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. Emerson Electric had a net margin of 12.83% and a return on equity of 24.21%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that Emerson Electric Co. will post 3.7 EPS for the current year.

EMR has been the subject of a number of research analyst reports. Credit Suisse Group raised shares of Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 price objective for the company in a research report on Thursday, January 3rd. Royal Bank of Canada lowered shares of Emerson Electric from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $68.00 to $61.00 in a research report on Thursday, January 3rd. Stephens reaffirmed a “buy” rating and set a $68.00 price objective on shares of Emerson Electric in a research report on Sunday, January 6th. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Citigroup raised shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price objective for the company in a research report on Monday, January 14th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.61.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Read More: Return On Assets

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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