First Horizon Advisors Inc. Acquires 5,504 Shares of Emerson Electric Co. (NYSE:EMR)

First Horizon Advisors Inc. boosted its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,252 shares of the industrial products company's stock after buying an additional 5,504 shares during the quarter. First Horizon Advisors Inc.'s holdings in Emerson Electric were worth $23,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EMR. Stokes Family Office LLC raised its holdings in shares of Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company's stock valued at $1,141,000 after acquiring an additional 4,480 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after buying an additional 434 shares during the last quarter. World Investment Advisors lifted its holdings in Emerson Electric by 41.2% in the fourth quarter. World Investment Advisors now owns 20,823 shares of the industrial products company's stock valued at $2,581,000 after acquiring an additional 6,079 shares during the period. Geode Capital Management LLC lifted its stake in shares of Emerson Electric by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company's stock valued at $1,443,725,000 after purchasing an additional 232,540 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Emerson Electric during the fourth quarter worth $297,947,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

NYSE:EMR traded down $0.50 during trading hours on Thursday, reaching $137.30. The company had a trading volume of 1,475,984 shares, compared to its average volume of 2,979,067. The stock has a 50-day moving average of $120.46 and a two-hundred day moving average of $118.34. Emerson Electric Co. has a one year low of $90.06 and a one year high of $139.96. The firm has a market capitalization of $77.23 billion, a PE ratio of 32.85, a PEG ratio of 2.67 and a beta of 1.29. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.54%. Emerson Electric's dividend payout ratio is 50.48%.

Insider Buying and Selling at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Bank of America increased their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday. Barclays boosted their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday, June 9th. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Robert W. Baird decreased their price target on shares of Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of "Moderate Buy" and an average target price of $138.61.

Emerson Electric 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.