Retirement Systems of Alabama Decreases Stock Position in Emerson Electric Co. (NYSE:EMR)

Retirement Systems of Alabama decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416,106 shares of the industrial products company’s stock after selling 3,310 shares during the quarter. Retirement Systems of Alabama’s holdings in Emerson Electric were worth $45,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric in the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 3rd quarter worth $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Emerson Electric during the third quarter worth $33,000. Meeder Asset Management Inc. increased its holdings in Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of Emerson Electric stock traded up $0.41 during trading on Friday, hitting $131.57. 111,278 shares of the company were exchanged, compared to its average volume of 2,732,495. The firm has a 50 day moving average price of $121.17 and a 200 day moving average price of $112.56. The stock has a market capitalization of $74.93 billion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 2.20 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.60%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio (DPR) is presently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EMR has been the topic of a number of recent analyst reports. Jefferies Financial Group began coverage on Emerson Electric in a report on Thursday. They issued a “buy” rating and a $160.00 price objective on the stock. Royal Bank of Canada reduced their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Robert W. Baird increased their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Oppenheimer boosted their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.58.

About Emerson Electric

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.