State of Tennessee Department of Treasury Purchases 19,996 Shares of Emerson Electric Co. (NYSE:EMR)

State of Tennessee Department of Treasury raised its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,233 shares of the industrial products company's stock after purchasing an additional 19,996 shares during the quarter. State of Tennessee Department of Treasury's holdings in Emerson Electric were worth $33,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Consulting LLC acquired a new position in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the fourth quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Fiduciary Advisors Inc. bought a new stake in Emerson Electric in the 4th quarter valued at $35,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EMR has been the subject of a number of research reports. Citigroup dropped their target price on Emerson Electric from $132.00 to $119.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays cut their price objective on shares of Emerson Electric from $105.00 to $99.00 and set an "underweight" rating for the company in a report on Thursday, April 10th. Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.

Emerson Electric Price Performance

Shares of EMR traded up $0.19 during trading hours on Friday, reaching $105.24. The stock had a trading volume of 2,636,051 shares, compared to its average volume of 2,931,408. The company's 50-day moving average is $109.67 and its two-hundred day moving average is $118.66. The stock has a market capitalization of $59.34 billion, a PE ratio of 25.12, a PEG ratio of 2.49 and a beta of 1.28. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

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

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, February 14th. Emerson Electric's dividend payout ratio is currently 50.36%.

Emerson Electric Company 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.