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

CoreFirst Bank & Trust bought a new stake in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 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 also recently added to or reduced their stakes in EMR. Howard Capital Management Group LLC boosted its position in Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 180 shares during the last quarter. Quest Partners LLC grew its position in shares of Emerson Electric by 664.7% in the third quarter. Quest Partners LLC now owns 3,357 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 2,918 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Emerson Electric by 20.3% in the third quarter. Great Valley Advisor Group Inc. now owns 22,657 shares of the industrial products company’s stock valued at $2,478,000 after purchasing an additional 3,823 shares during the last quarter. Pitcairn Co. lifted its position in Emerson Electric by 7.1% during the third quarter. Pitcairn Co. now owns 8,417 shares of the industrial products company’s stock worth $921,000 after buying an additional 560 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Emerson Electric by 130.0% in the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after buying an additional 5,393 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Up 2.1 %

Shares of EMR stock opened at $115.44 on Tuesday. 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 fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a market capitalization of $65.09 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The company has a 50 day moving average price of $121.53 and a 200 day moving average price of $119.38.

Emerson Electric (NYSE:EMR) last released its earnings results 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 return on equity of 12.08% and a net margin of 13.74%. Equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. StockNews.com lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Barclays lowered shares of Emerson Electric from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Wells Fargo & Company increased 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. Finally, Citigroup assumed coverage on Emerson Electric in a research report on Monday, March 17th. They issued a “buy” rating and a $132.00 target price on the stock. Two investment 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.22.

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.