Retirement Systems of Alabama reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,195 shares of the industrial products company’s stock after selling 3,628 shares during the quarter. Retirement Systems of Alabama’s holdings in Emerson Electric were worth $19,596,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of EMR. Howe & Rusling Inc. grew its position in shares of Emerson Electric by 4.1% in the 4th quarter. Howe & Rusling Inc. now owns 3,876 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 152 shares during the period. Pathway Financial Advisors LLC grew its position in shares of Emerson Electric by 3.3% in the 1st quarter. Pathway Financial Advisors LLC now owns 4,758 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 153 shares during the period. Orca Investment Management LLC grew its position in shares of Emerson Electric by 2.8% in the 4th quarter. Orca Investment Management LLC now owns 5,692 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 156 shares during the period. First PREMIER Bank grew its position in shares of Emerson Electric by 0.4% in the 1st quarter. First PREMIER Bank now owns 36,744 shares of the industrial products company’s stock valued at $2,516,000 after purchasing an additional 161 shares during the period. Finally, Somerset Trust Co grew its position in shares of Emerson Electric by 0.6% in the 1st quarter. Somerset Trust Co now owns 24,953 shares of the industrial products company’s stock valued at $1,708,000 after purchasing an additional 161 shares during the period. Institutional investors own 72.63% of the company’s stock.
NYSE:EMR opened at $72.18 on Wednesday. The stock has a market capitalization of $44.13 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Emerson Electric Co. has a twelve month low of $55.38 and a twelve month high of $79.70.
Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. Emerson Electric’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Equities analysts predict that Emerson Electric Co. will post 3.7 EPS for the current fiscal year.
Several equities research analysts have commented on the company. Citigroup upgraded Emerson Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $67.00 to $81.00 in a research note on Monday, April 8th. Zacks Investment Research cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Credit Suisse Group boosted their target price on Emerson Electric from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Morgan Stanley set a $77.00 target price on Emerson Electric and gave the company a “buy” rating in a research note on Friday, February 8th. Finally, Cowen restated a “buy” rating and issued a $81.00 target price on shares of Emerson Electric in a research note on Tuesday, February 5th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average 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.
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