Kentucky Retirement Systems Insurance Trust Fund Sells 1,443 Shares of Emerson Electric Co. (NYSE:EMR)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.1% in the 1st quarter, Holdings Channel reports. The fund owned 18,867 shares of the industrial products company’s stock after selling 1,443 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Emerson Electric were worth $2,140,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Blackston Financial Advisory Group LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth $241,000. American National Bank & Trust Co. VA bought a new stake in shares of Emerson Electric during the first quarter worth $1,011,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Emerson Electric by 23.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after acquiring an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK increased its position in shares of Emerson Electric by 821.0% during the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock worth $8,393,000 after acquiring an additional 76,868 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Emerson Electric in the fourth quarter valued at $3,358,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR stock traded up $2.25 during mid-day trading on Friday, hitting $116.84. The stock had a trading volume of 1,488,603 shares, compared to its average volume of 2,255,435. The firm has a market capitalization of $66.84 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.99 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $111.23 and a 200 day simple moving average of $108.18. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the firm posted $1.09 EPS. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts forecast that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.80%. Emerson Electric’s dividend payout ratio is presently 11.24%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of analyst reports. Loop Capital raised their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Robert W. Baird decreased their target price on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the company from $123.00 to $138.00 in a research note on Thursday, May 9th. Finally, StockNews.com cut shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.44.

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.