Emerson Electric Co. (NYSE:EMR) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,961 shares of the industrial products company’s stock after selling 2,984 shares during the quarter. CoreCap Advisors LLC’s holdings in Emerson Electric were worth $2,102,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC purchased a new stake in Emerson Electric in the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric during the 4th quarter worth about $28,000. YANKCOM Partnership acquired a new position in Emerson Electric in the 4th quarter valued at about $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the fourth quarter worth about $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EMR shares. Morgan Stanley upped their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on Emerson Electric from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Barclays reduced their price target on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating on the stock in a research report on Thursday, April 10th. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric Stock Up 2.4 %

Emerson Electric stock opened at $109.80 on Thursday. The company has a market capitalization of $61.92 billion, a P/E ratio of 26.21, a PEG ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The stock has a 50-day simple moving average of $106.91 and a 200-day simple moving average of $118.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company posted $1.36 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.92%. Emerson Electric’s dividend payout ratio is presently 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.