First Horizon Advisors Inc. Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

First Horizon Advisors Inc. grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 198,571 shares of the industrial products company’s stock after acquiring an additional 530 shares during the period. First Horizon Advisors Inc.’s holdings in Emerson Electric were worth $19,327,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EMR. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Emerson Electric by 3.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 91,761 shares of the industrial products company’s stock valued at $8,861,000 after acquiring an additional 2,745 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Emerson Electric by 49.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 98,018 shares of the industrial products company’s stock worth $9,466,000 after acquiring an additional 32,445 shares during the last quarter. Private Ocean LLC boosted its holdings in shares of Emerson Electric by 74.3% during the 3rd quarter. Private Ocean LLC now owns 441 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 188 shares during the last quarter. Raymond James & Associates raised its stake in Emerson Electric by 2.5% during the 3rd quarter. Raymond James & Associates now owns 642,084 shares of the industrial products company’s stock valued at $62,006,000 after buying an additional 15,823 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Emerson Electric by 31.1% in the third quarter. Stratos Wealth Partners LTD. now owns 25,981 shares of the industrial products company’s stock worth $2,509,000 after acquiring an additional 6,160 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Berenberg Bank boosted their price target on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. KeyCorp raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Bank of America lifted their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Citigroup increased their price target on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.25.

Emerson Electric Price Performance

EMR traded down $0.10 during trading hours on Thursday, hitting $106.35. The company’s stock had a trading volume of 1,372,116 shares, compared to its average volume of 2,616,372. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $110.55 and its 200-day moving average price is $99.56. The stock has a market cap of $60.70 billion, a price-to-earnings ratio of 5.54, a P/E/G ratio of 1.87 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the company earned $0.78 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. Sell-side analysts expect that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. Emerson Electric’s dividend payout ratio is presently 10.94%.

About Emerson Electric

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.