Oregon Public Employees Retirement Fund Has $6.47 Million Position in Emerson Electric Co. $EMR

Oregon Public Employees Retirement Fund increased its stake in Emerson Electric Co. (NYSE:EMR) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,528 shares of the industrial products company’s stock after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Emerson Electric were worth $6,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock valued at $23,271,000 after acquiring an additional 5,504 shares during the last quarter. Davis Investment Partners LLC acquired a new position in Emerson Electric during the 2nd quarter valued at about $692,000. North Capital Inc. acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $211,000. Golden State Equity Partners acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $459,000. Finally, Truist Financial Corp raised its stake in shares of Emerson Electric by 1.7% during the first quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock worth $118,259,000 after buying an additional 18,069 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.8%

NYSE:EMR opened at $128.31 on Tuesday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a 50-day moving average price of $132.37 and a two-hundred day moving average price of $125.48. The stock has a market cap of $72.21 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.19 and a beta of 1.29. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion during the quarter. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Emerson Electric’s payout ratio is 45.38%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EMR. Wolfe Research lowered their target price on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Citigroup lifted their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.56.

Emerson Electric Company 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.