CoreFirst Bank & Trust Purchases New Position in Emerson Electric Co. (NYSE:EMR)

CoreFirst Bank & Trust acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,926 shares of the industrial products company’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Prudential Financial Inc. increased its position in shares of Emerson Electric by 145.7% during the 4th quarter. Prudential Financial Inc. now owns 934,070 shares of the industrial products company’s stock valued at $115,759,000 after purchasing an additional 553,861 shares during the last quarter. Syntax Research Inc. increased its position in Emerson Electric by 7.1% during the fourth quarter. Syntax Research Inc. now owns 3,815 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 254 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in shares of Emerson Electric by 0.4% in the fourth quarter. Woodmont Investment Counsel LLC now owns 57,737 shares of the industrial products company’s stock valued at $7,155,000 after acquiring an additional 218 shares during the period. Congress Wealth Management LLC DE bought a new stake in shares of Emerson Electric in the 4th quarter worth about $265,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Emerson Electric during the 4th quarter worth about $110,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 2.1 %

Shares of NYSE:EMR opened at $115.44 on Tuesday. 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 firm has a market capitalization of $65.09 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.49 and a beta of 1.36. The business’s 50-day moving average is $121.53 and its 200 day moving average is $119.38. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.83%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EMR. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $135.00 to $110.00 in a report on Monday, March 10th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Two 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.22.

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.