Teacher Retirement System of Texas Has $2.12 Million Stock Position in Embecta Corp. (NASDAQ:EMBC)

Teacher Retirement System of Texas lessened its stake in shares of Embecta Corp. (NASDAQ:EMBC – Get Rating) by 57.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,924 shares of the company’s stock after selling 114,660 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.15% of Embecta worth $2,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Embecta during the third quarter worth $258,676,000. Vanguard Group Inc. bought a new stake in shares of Embecta during the third quarter worth $197,911,000. Yacktman Asset Management LP grew its stake in shares of Embecta by 10.9% during the fourth quarter. Yacktman Asset Management LP now owns 2,566,207 shares of the company’s stock worth $64,899,000 after buying an additional 252,977 shares during the last quarter. State Street Corp bought a new stake in shares of Embecta during the third quarter worth $68,114,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Embecta during the third quarter worth $29,545,000. Institutional investors own 93.45% of the company’s stock.

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Embecta Stock Performance

NASDAQ EMBC opened at $27.34 on Monday. Embecta Corp. has a fifty-two week low of $22.30 and a fifty-two week high of $36.64. The stock has a market cap of $1.57 billion, a PE ratio of 16.88 and a beta of 0.76. The firm’s fifty day moving average price is $28.34 and its two-hundred day moving average price is $28.96.

Embecta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Monday, May 29th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. Embecta’s dividend payout ratio is 37.04%.

Embecta Company Profile

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Embecta Corp., a medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes. Its products include pen needles, syringes, and safety devices, as well as digital applications to assist people with managing their diabetes. The company primarily sells its products to wholesalers and distributors in the United States and internationally.

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