Emerson Electric Co. (NYSE:EMR) Shares Sold by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 88.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Emerson Electric during the 3rd quarter worth $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth about $29,000. Finally, YANKCOM Partnership acquired a new position in shares of Emerson Electric during the 4th quarter worth about $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EMR has been the subject of several analyst reports. Loop Capital upped their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company upped their price objective on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. KeyCorp boosted their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, UBS Group assumed coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Down 1.6 %

EMR opened at $123.30 on Friday. The company has a market cap of $70.22 billion, a PE ratio of 29.43, a P/E/G ratio of 2.16 and a beta of 1.34. The business has a 50 day moving average price of $125.89 and a two-hundred day moving average price of $117.06. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Emerson Electric 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.