Maryland State Retirement & Pension System Sells 2,000 Shares of Emerson Electric Co. (NYSE:EMR)

Maryland State Retirement & Pension System trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,669 shares of the industrial products company’s stock after selling 2,000 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Emerson Electric were worth $3,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Xponance Inc. increased its position in shares of Emerson Electric by 4.3% during the fourth quarter. Xponance Inc. now owns 85,204 shares of the industrial products company’s stock worth $10,559,000 after buying an additional 3,524 shares during the period. Boston Partners boosted its position in Emerson Electric by 136.3% during the fourth quarter. Boston Partners now owns 3,316,466 shares of the industrial products company’s stock valued at $411,944,000 after acquiring an additional 1,913,120 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Emerson Electric during the 4th quarter worth about $5,939,000. Horizon Investments LLC raised its position in shares of Emerson Electric by 1.7% in the 4th quarter. Horizon Investments LLC now owns 9,773 shares of the industrial products company’s stock worth $1,211,000 after acquiring an additional 160 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Emerson Electric by 10.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 33,039 shares of the industrial products company’s stock valued at $4,113,000 after purchasing an additional 3,177 shares during the period. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $112.28 on Thursday. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company’s 50 day moving average price is $121.86 and its two-hundred day moving average price is $119.02. The stock has a market cap of $63.31 billion, a P/E ratio of 26.80, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EMR shares. Morgan Stanley lifted their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. KeyCorp boosted their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.22.

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.