Tennessee Valley Asset Management Partners Purchases New Holdings in Emerson Electric Co. (NYSE:EMR)

Tennessee Valley Asset Management Partners purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 358 shares of the industrial products company’s stock, valued at approximately $35,000.

Several other institutional investors have also made changes to their positions in the stock. Morgan Stanley raised its position in Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after purchasing an additional 1,008,294 shares in the last quarter. Invesco Ltd. raised its position in Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB raised its position in Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after purchasing an additional 1,558,903 shares in the last quarter. Northern Trust Corp raised its position in Emerson Electric by 2.4% during the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock valued at $692,176,000 after purchasing an additional 168,783 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Emerson Electric by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 5,865,155 shares of the industrial products company’s stock valued at $566,398,000 after purchasing an additional 165,249 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. KeyCorp boosted their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Mizuho upped their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays upped their price target on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada upped their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Berenberg Bank upped their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.25.

Emerson Electric Stock Performance

NYSE EMR opened at $109.77 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $62.66 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 1.88 and a beta of 1.37. The stock has a fifty day simple moving average of $110.16 and a 200 day simple moving average of $99.04. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Sell-side analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the sale, the director now owns 9,591 shares of the company’s stock, valued at $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

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.