Emerson Electric Co. $EMR Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. grew its position in Emerson Electric Co. (NYSE:EMR) by 3.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 220,344 shares of the industrial products company’s stock after acquiring an additional 8,092 shares during the period. First Horizon Advisors Inc.’s holdings in Emerson Electric were worth $29,379,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EMR. Saudi Central Bank acquired a new position in shares of Emerson Electric in the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric during the 1st quarter worth about $27,000. PFS Partners LLC raised its position in shares of Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of Emerson Electric during the 2nd quarter worth about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

NYSE:EMR opened at $137.71 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $77.50 billion, a P/E ratio of 29.62, a PEG ratio of 2.36 and a beta of 1.30. The company has a 50 day moving average price of $132.50 and a 200 day moving average price of $129.29. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EMR shares. Barclays upgraded shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Citigroup increased their price objective on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 14th. Stephens increased their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.28.

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.