C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $75,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 88.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 606 shares of the industrial products company's stock after selling 4,573 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in Emerson Electric were worth $75,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares during the period. Wellington Management Group LLP increased its position in shares of Emerson Electric by 4.2% in the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock worth $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC lifted its position in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after purchasing an additional 162,985 shares during the period. Nordea Investment Management AB grew its stake in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after buying an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Emerson Electric by 107.2% in the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock valued at $422,852,000 after buying an additional 2,016,075 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Trading Up 1.5 %

Shares of NYSE:EMR traded up $1.90 during trading on Tuesday, reaching $125.24. The stock had a trading volume of 841,836 shares, compared to its average volume of 2,904,735. 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 quick ratio of 1.40 and a current ratio of 1.54. The firm's fifty day moving average is $125.59 and its 200 day moving average is $117.18. The stock has a market cap of $70.62 billion, a price-to-earnings ratio of 29.89, a P/E/G ratio of 2.16 and a beta of 1.34.

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, beating 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%. As a group, equities analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EMR shares. Wells Fargo & Company upped their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 target price for the company. Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, UBS Group initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set a "neutral" rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $136.90.

Emerson Electric Company 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.