First Horizon Corp lifted its stake in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 41.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,544 shares of the industrial products company’s stock after purchasing an additional 27,922 shares during the period. First Horizon Corp’s holdings in Emerson Electric were worth $12,387,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in EMR. Brighton Jones LLC increased its stake in Emerson Electric by 74.1% during the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Emerson Electric in the 1st quarter valued at about $232,000. Caxton Associates LLP acquired a new stake in Emerson Electric during the first quarter worth about $275,000. Sivia Capital Partners LLC bought a new position in Emerson Electric in the second quarter worth about $203,000. Finally, Jump Financial LLC grew its holdings in shares of Emerson Electric by 121.5% during the second quarter. Jump Financial LLC now owns 10,543 shares of the industrial products company’s stock valued at $1,406,000 after purchasing an additional 5,783 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.
Emerson Electric Stock Performance
EMR opened at $137.73 on Friday. The business has a 50 day moving average price of $140.76 and a two-hundred day moving average price of $141.78. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $165.15. The company has a market capitalization of $77.14 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64.
Emerson Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.555 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.22 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is currently 51.27%.
Wall Street Analyst Weigh In
EMR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Emerson Electric in a research report on Monday, May 4th. Jefferies Financial Group started coverage on Emerson Electric in a research note on Tuesday, March 31st. They issued a “buy” rating and a $175.00 target price on the stock. Royal Bank Of Canada upped their price target on shares of Emerson Electric from $161.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $135.00 to $155.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Sanford C. Bernstein assumed coverage on shares of Emerson Electric in a research report on Wednesday, June 10th. They issued an “outperform” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.32.
View Our Latest Stock Report on Emerson Electric
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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