First Horizon Advisors Inc. Has $25.62 Million Stake in Emerson Electric Co. (NYSE:EMR)

First Horizon Advisors Inc. boosted its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,748 shares of the industrial products company's stock after purchasing an additional 2,639 shares during the period. First Horizon Advisors Inc.'s holdings in Emerson Electric were worth $25,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its position in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP grew its position in Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC grew its position in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock valued at $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Nordea Investment Management AB grew its position in Emerson Electric by 5.7% in the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock valued at $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. Institutional investors own 74.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EMR shares. JPMorgan Chase & Co. decreased their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Morgan Stanley lifted their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Daiwa Capital Markets started coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an "outperform" rating and a $147.00 price objective for the company. Finally, UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a "neutral" rating and a $135.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and an average target price of $136.90.

Emerson Electric Price Performance

Shares of Emerson Electric stock opened at $121.88 on Friday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $125.08 and a two-hundred day simple moving average of $117.57. The stock has a market capitalization of $68.73 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's payout ratio is presently 50.36%.

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.

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