Police & Firemen s Retirement System of New Jersey Grows Position in Emerson Electric Co. $EMR

Police & Firemen s Retirement System of New Jersey lifted its stake in Emerson Electric Co. (NYSE:EMR) by 2.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 85,626 shares of the industrial products company’s stock after purchasing an additional 2,356 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Emerson Electric were worth $11,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Davis Investment Partners LLC bought a new position in Emerson Electric in the 2nd quarter worth approximately $692,000. CORDA Investment Management LLC. purchased a new stake in shares of Emerson Electric in the second quarter worth about $1,173,000. Boyd Watterson Asset Management LLC OH increased its stake in Emerson Electric by 13.8% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock worth $1,877,000 after acquiring an additional 2,071 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Emerson Electric by 1.6% during the 1st quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after acquiring an additional 11,097 shares during the last quarter. Finally, DnB Asset Management AS lifted its position in Emerson Electric by 5.6% during the first quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock valued at $100,503,000 after purchasing an additional 48,226 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $128.48 on Friday. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a market cap of $72.31 billion, a PE ratio of 27.63, a P/E/G ratio of 2.36 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The business has a 50-day simple moving average of $132.26 and a two-hundred day simple moving average of $130.32.

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

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric announced that its Board of Directors has approved a share buyback program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Daiwa Capital Markets increased their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Wolfe Research dropped their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Royal Bank Of Canada cut their price target on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. cut their price target on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.00.

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.