TCTC Holdings LLC Purchases 1,526 Shares of Emerson Electric Co. (NYSE:EMR)

TCTC Holdings LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 1.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,890 shares of the industrial products company’s stock after buying an additional 1,526 shares during the quarter. TCTC Holdings LLC’s holdings in Emerson Electric were worth $9,576,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of Emerson Electric by 105,280.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock worth $5,227,354,000 after buying an additional 54,365,954 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Emerson Electric by 28.4% in the fourth quarter. Morgan Stanley now owns 11,835,398 shares of the industrial products company’s stock worth $1,136,909,000 after buying an additional 2,621,089 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Emerson Electric by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,698,627 shares of the industrial products company’s stock worth $1,027,710,000 after buying an additional 50,408 shares in the last quarter. Geode Capital Management LLC raised its stake in Emerson Electric by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 10,509,981 shares of the industrial products company’s stock valued at $1,007,719,000 after purchasing an additional 229,530 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Emerson Electric by 8.1% during the first quarter. Wellington Management Group LLP now owns 9,206,713 shares of the industrial products company’s stock valued at $802,273,000 after purchasing an additional 692,247 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EMR. Royal Bank of Canada upped their price target on shares of Emerson Electric from $103.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. StockNews.com initiated coverage on shares of Emerson Electric in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Barclays assumed coverage on shares of Emerson Electric in a report on Monday, August 28th. They issued an “equal weight” rating and a $105.00 price target on the stock. Morgan Stanley increased their target price on shares of Emerson Electric from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Finally, HSBC raised shares of Emerson Electric from a “hold” rating to a “buy” rating and increased their price target for the company from $79.00 to $100.00 in a research report on Wednesday, June 14th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.82.

Emerson Electric Price Performance

Emerson Electric stock traded up $0.67 during trading hours on Friday, hitting $98.92. The stock had a trading volume of 1,762,343 shares, compared to its average volume of 3,192,910. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.07. The stock has a market capitalization of $56.53 billion, a price-to-earnings ratio of 4.33, a PEG ratio of 2.30 and a beta of 1.41. Emerson Electric Co. has a 1-year low of $72.40 and a 1-year high of $99.65. The stock’s fifty day moving average is $93.47 and its two-hundred day moving average is $87.10.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. Emerson Electric had a return on equity of 14.27% and a net margin of 80.41%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.89 billion. As a group, analysts predict that Emerson Electric Co. will post 4.44 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 11th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, August 10th. Emerson Electric’s dividend payout ratio is currently 9.09%.

Insider Buying and Selling

In related news, VP Lisa Flavin sold 48,718 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the transaction, the vice president now directly owns 51,748 shares of the company’s stock, valued at approximately $4,639,208.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.