TIAA CREF Investment Management LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 44.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,789,153 shares of the industrial products company’s stock after acquiring an additional 554,110 shares during the period. TIAA CREF Investment Management LLC owned about 0.28% of Emerson Electric worth $124,686,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. California State Teachers Retirement System raised its position in Emerson Electric by 0.4% during the fourth quarter. California State Teachers Retirement System now owns 1,147,531 shares of the industrial products company’s stock worth $79,971,000 after acquiring an additional 4,487 shares during the last quarter. Avestar Capital LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $717,000. Premia Global Advisors LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $307,000. HPM Partners LLC raised its position in shares of Emerson Electric by 22.3% in the fourth quarter. HPM Partners LLC now owns 44,596 shares of the industrial products company’s stock valued at $3,108,000 after buying an additional 8,140 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $327,000. Institutional investors own 69.96% of the company’s stock.
Emerson Electric Co. (EMR) opened at $72.38 on Friday. Emerson Electric Co. has a 52-week low of $56.77 and a 52-week high of $74.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.32. The company has a market cap of $45,029.04, a P/E ratio of 29.19, a P/E/G ratio of 2.16 and a beta of 1.15.
Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. Emerson Electric’s revenue for the quarter was up 18.7% compared to the same quarter last year. equities research analysts expect that Emerson Electric Co. will post 3.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.68%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is 78.23%.
EMR has been the subject of a number of analyst reports. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Cowen raised shares of Emerson Electric from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $61.00 to $71.00 in a research report on Tuesday, November 28th. Citigroup set a $61.00 price objective on shares of Emerson Electric and gave the company a “sell” rating in a research report on Tuesday, November 28th. JPMorgan Chase & Co. initiated coverage on shares of Emerson Electric in a research report on Wednesday, November 29th. They issued a “neutral” rating for the company. Finally, Goldman Sachs reissued a “neutral” rating and issued a $66.00 price objective on shares of Emerson Electric in a research report on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Emerson Electric currently has an average rating of “Hold” and a consensus target price of $70.72.
Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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