New Mexico Educational Retirement Board Decreases Holdings in Emerson Electric Co. (EMR)

New Mexico Educational Retirement Board lessened its position in Emerson Electric Co. (NYSE:EMR) by 2.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,200 shares of the industrial products company’s stock after selling 1,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Emerson Electric were worth $3,574,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Harvey Investment Co. LLC acquired a new position in Emerson Electric in the 1st quarter valued at $368,000. Headinvest LLC boosted its holdings in Emerson Electric by 97.0% in the 4th quarter. Headinvest LLC now owns 155,257 shares of the industrial products company’s stock valued at $9,277,000 after purchasing an additional 76,427 shares during the period. Piedmont Investment Advisors Inc. boosted its holdings in Emerson Electric by 7.0% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 43,515 shares of the industrial products company’s stock valued at $2,600,000 after purchasing an additional 2,854 shares during the period. Pioneer Trust Bank N A OR boosted its holdings in Emerson Electric by 5.3% in the 1st quarter. Pioneer Trust Bank N A OR now owns 7,579 shares of the industrial products company’s stock valued at $519,000 after purchasing an additional 379 shares during the period. Finally, Pinnacle Bank bought a new stake in Emerson Electric in the 4th quarter valued at $478,000. Institutional investors and hedge funds own 72.62% of the company’s stock.

EMR traded up $0.13 during midday trading on Friday, hitting $66.93. The company had a trading volume of 2,799,680 shares, compared to its average volume of 2,765,433. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $41.06 billion, a PE ratio of 19.80, a PEG ratio of 2.12 and a beta of 1.23. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.84 earnings per share for the quarter, meeting the consensus estimate of $0.84. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Emerson Electric had a net margin of 12.81% and a return on equity of 24.65%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. On average, research analysts predict that Emerson Electric Co. will post 3.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s payout ratio is presently 57.99%.

A number of analysts have weighed in on EMR shares. Citigroup raised shares of Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price target for the company in a report on Monday, January 14th. Cowen reaffirmed a “buy” rating and set a $81.00 price objective on shares of Emerson Electric in a report on Wednesday, January 30th. Morgan Stanley set a $77.00 price objective on shares of Emerson Electric and gave the stock a “buy” rating in a report on Friday, February 8th. Credit Suisse Group raised their price objective on shares of Emerson Electric from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, February 6th. Finally, Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Tuesday, April 2nd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Emerson Electric has an average rating of “Buy” and an average price target of $76.41.

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Emerson Electric Company 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.

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

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