Emerson Electric Co. (NYSE:EMR) Stock Position Boosted by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,571 shares of the industrial products company’s stock after buying an additional 530 shares during the quarter. First Horizon Advisors Inc.’s holdings in Emerson Electric were worth $19,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. PFG Advisors boosted its position in shares of Emerson Electric by 4.5% in the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 108 shares during the period. Accel Wealth Management increased its position in shares of Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC raised its holdings in shares of Emerson Electric by 5.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 114 shares during the period. Silverlake Wealth Management LLC boosted its stake in Emerson Electric by 2.8% in the 4th quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares during the period. Finally, Cooper Financial Group grew its position in Emerson Electric by 2.4% during the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after purchasing an additional 120 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR stock traded down $0.10 during trading on Thursday, reaching $106.35. The company had a trading volume of 1,372,116 shares, compared to its average volume of 2,616,372. The firm’s 50 day simple moving average is $110.55 and its two-hundred day simple moving average is $99.56. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The company has a market capitalization of $60.70 billion, a PE ratio of 5.54, a PEG 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 EPS for the quarter, topping 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 the consensus estimate of $3.91 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Thursday, February 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several recent analyst reports. Mizuho raised their target price on Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. UBS Group upped their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Bank of America raised their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Royal Bank of Canada upped their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Barclays lifted their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

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.