California State Teachers Retirement System Decreases Holdings in Emerson Electric Company (EMR)

California State Teachers Retirement System lessened its holdings in Emerson Electric Company (NYSE:EMR) by 7.0% in the third quarter, HoldingsChannel.com reports. The firm owned 1,143,044 shares of the industrial products company’s stock after selling 85,800 shares during the period. California State Teachers Retirement System’s holdings in Emerson Electric were worth $71,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Emerson Electric during the second quarter valued at $109,000. Intellectus Partners LLC boosted its holdings in shares of Emerson Electric by 0.3% during the second quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 7 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Emerson Electric during the second quarter valued at $129,000. AT Bancorp acquired a new position in shares of Emerson Electric during the second quarter valued at $139,000. Finally, Cable Hill Partners LLC acquired a new position in shares of Emerson Electric during the third quarter valued at $151,000. 69.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Emerson Electric Company (NYSE:EMR) opened at $72.20 on Tuesday. The firm has a market cap of $46,340.00, a PE ratio of 28.20, a P/E/G ratio of 3.25 and a beta of 1.24. Emerson Electric Company has a 1-year low of $56.00 and a 1-year high of $72.47. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share. analysts forecast that Emerson Electric Company will post 2.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were issued a $0.485 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.94 annualized dividend and a yield of 2.69%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. Emerson Electric’s dividend payout ratio is presently 75.78%.

In other Emerson Electric news, VP Frank J. Dellaquila sold 2,100 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now directly owns 178,743 shares in the company, valued at $11,577,184.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the sale, the chief operating officer now owns 168,984 shares in the company, valued at $11,109,008.16. The disclosure for this sale can be found here. Insiders sold 27,017 shares of company stock valued at $1,771,129 in the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Several equities analysts have recently issued reports on EMR shares. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price target for the company in a report on Monday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $72.00 price target (up previously from $68.00) on shares of Emerson Electric in a report on Thursday, November 9th. Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Vertical Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $67.00 price target (up previously from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Emerson Electric presently has an average rating of “Hold” and a consensus price target of $65.86.

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About Emerson Electric

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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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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