Public Employees Retirement Association of Colorado lifted its position in shares of Emerson Electric Company (NYSE:EMR) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,061 shares of the industrial products company’s stock after acquiring an additional 5,415 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Emerson Electric were worth $8,019,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Beach Investment Management LLC. bought a new position in Emerson Electric during the 2nd quarter worth $771,000. United Asset Strategies Inc. bought a new position in Emerson Electric during the 2nd quarter worth $564,000. Pinnacle Financial Partners Inc. grew its stake in Emerson Electric by 18.8% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 73,418 shares of the industrial products company’s stock worth $4,377,000 after buying an additional 11,634 shares during the last quarter. Ridgewood Investments LLC grew its stake in Emerson Electric by 9.6% during the 2nd quarter. Ridgewood Investments LLC now owns 18,907 shares of the industrial products company’s stock worth $1,127,000 after buying an additional 1,658 shares during the last quarter. Finally, Tirschwell & Loewy Inc. grew its stake in Emerson Electric by 4.4% during the 2nd quarter. Tirschwell & Loewy Inc. now owns 9,402 shares of the industrial products company’s stock worth $561,000 after buying an additional 400 shares during the last quarter. 69.23% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the firm’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 transaction, the chief operating officer now owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’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 transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. Insiders have sold 27,017 shares of company stock valued at $1,771,129 in the last ninety days. Company insiders own 0.79% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Thursday. Robert W. Baird upped their price objective on Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday. JMP Securities downgraded Emerson Electric from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $74.45 to $56.77 in a research note on Thursday, February 1st. UBS Group assumed coverage on Emerson Electric in a research note on Monday, January 22nd. They set a “buy” rating and a $73.26 price objective for the company. Finally, Wells Fargo & Co restated a “market perform” rating and set a $73.00 price objective (up from $65.00) on shares of Emerson Electric in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $67.65.

Emerson Electric Company (EMR) opened at $66.40 on Friday. Emerson Electric Company has a 52 week low of $56.77 and a 52 week high of $74.45. The stock has a market capitalization of $43,778.40, a price-to-earnings ratio of 26.77, a PEG ratio of 2.38 and a beta of 1.19. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.40.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. research analysts expect that Emerson Electric Company will post 3.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.94 annualized dividend and a yield of 2.92%. Emerson Electric’s dividend payout ratio is currently 78.23%.

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Emerson Electric Profile

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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