TCTC Holdings LLC Has $13.66 Million Stake in Emerson Electric Co. (NYSE:EMR)

TCTC Holdings LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,253 shares of the industrial products company’s stock after selling 471 shares during the quarter. TCTC Holdings LLC’s holdings in Emerson Electric were worth $13,664,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EMR. Raymond James Financial Inc. bought a new position in Emerson Electric in the 4th quarter valued at $297,947,000. State Street Corp raised its position in Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after purchasing an additional 1,507,980 shares during the last quarter. Fisher Asset Management LLC raised its position in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company’s stock valued at $252,313,000 after purchasing an additional 1,426,718 shares during the last quarter. Swedbank AB raised its position in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Sarasin & Partners LLP raised its position in shares of Emerson Electric by 120.6% during the fourth quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after acquiring an additional 965,731 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.7 %

NYSE:EMR opened at $112.11 on Monday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market cap of $63.22 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.49 and a beta of 1.36. The stock has a 50-day moving average price of $122.37 and a two-hundred day moving average price of $118.96.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, equities analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EMR. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. Barclays downgraded Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.28.

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.