First Horizon Advisors Inc. Boosts Stake in Emerson Electric Co. (NYSE:EMR)

First Horizon Advisors Inc. raised its position in Emerson Electric Co. (NYSE:EMR) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,109 shares of the industrial products company’s stock after purchasing an additional 10,029 shares during the quarter. First Horizon Advisors Inc.’s holdings in Emerson Electric were worth $22,324,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Emerson Electric during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in Emerson Electric during the 1st quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Morton Brown Family Wealth LLC acquired a new position in shares of Emerson Electric in the third quarter worth $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric during the 3rd quarter worth about $33,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Emerson Electric stock opened at $129.56 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market cap of $73.88 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.13 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $87.55 and a 1 year high of $131.56. The firm has a 50 day moving average price of $112.34 and a 200 day moving average price of $110.32.

Emerson Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on EMR shares. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $132.00 to $115.00 in a research report on Wednesday, August 14th. KeyCorp boosted their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird increased their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

About Emerson Electric

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.