Corps Capital Advisors LLC Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Corps Capital Advisors LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,000 shares of the industrial products company's stock, valued at approximately $620,000.

Several other institutional investors also recently modified their holdings of the company. Cumberland Partners Ltd grew its position in shares of Emerson Electric by 45.1% in the fourth quarter. Cumberland Partners Ltd now owns 17,200 shares of the industrial products company's stock valued at $2,132,000 after purchasing an additional 5,350 shares during the last quarter. Parthenon LLC acquired a new position in Emerson Electric in the 4th quarter valued at $200,000. Bryn Mawr Capital Management LLC increased its position in Emerson Electric by 78.1% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 25,731 shares of the industrial products company's stock worth $3,189,000 after buying an additional 11,283 shares during the period. Private Advisor Group LLC grew its stake in shares of Emerson Electric by 4.6% in the fourth quarter. Private Advisor Group LLC now owns 69,790 shares of the industrial products company's stock valued at $8,649,000 after acquiring an additional 3,096 shares in the last quarter. Finally, Laidlaw Wealth Management LLC bought a new position in Emerson Electric during the fourth quarter worth about $448,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EMR shares. KeyCorp increased their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Robert W. Baird upped their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Finally, Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $136.90.

Emerson Electric Trading Down 2.5 %

NYSE EMR traded down $3.09 during trading hours on Friday, reaching $121.66. The company's stock had a trading volume of 1,349,088 shares, compared to its average volume of 2,821,225. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $68.60 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.48 and a beta of 1.34. The firm has a fifty day simple moving average of $125.25 and a 200-day simple moving average of $117.40.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

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.