C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 912 Shares of Emerson Electric Co. (NYSE:EMR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,267 shares of the industrial products company’s stock after selling 912 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Emerson Electric were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EMR. Pathway Financial Advisers LLC boosted its position in Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares during the last quarter. Van ECK Associates Corp increased its position in Emerson Electric by 107.2% in the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock worth $422,852,000 after purchasing an additional 2,016,075 shares during the period. State Street Corp raised its holdings in Emerson Electric by 6.2% during the 3rd 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 last quarter. Swedbank AB boosted its stake in shares of Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the last quarter. Finally, Sarasin & Partners LLP grew its position in shares of Emerson Electric by 120.6% during the 4th quarter. Sarasin & Partners LLP now owns 1,766,230 shares of the industrial products company’s stock worth $218,889,000 after buying an additional 965,731 shares during the period. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Down 0.4 %

NYSE:EMR opened at $124.47 on Thursday. The company has a market cap of $70.19 billion, a PE ratio of 29.71, a PEG ratio of 2.46 and a beta of 1.34. The stock has a 50-day simple moving average of $125.38 and a 200 day simple moving average of $117.35. 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 Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. On average, sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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 issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

Analyst Ratings Changes

Several equities analysts recently weighed in on EMR shares. Morgan Stanley increased their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

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.