Teacher Retirement System of Texas Increases Stake in Emerson Electric Co. (NYSE:EMR)

Teacher Retirement System of Texas boosted its holdings in Emerson Electric Co. (NYSE:EMR) by 227.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 117,246 shares of the industrial products company’s stock after buying an additional 81,481 shares during the period. Teacher Retirement System of Texas’ holdings in Emerson Electric were worth $14,530,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric in the fourth quarter valued at approximately $27,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the third quarter valued at approximately $29,000. YANKCOM Partnership purchased a new position in Emerson Electric in the fourth quarter valued at approximately $30,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. Loop Capital increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Stock Performance

Shares of EMR opened at $112.92 on Friday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a market cap of $63.67 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The firm has a fifty day moving average of $121.60 and a 200-day moving average of $119.02.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

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.