CORDA Investment Management LLC. Makes New Investment in Emerson Electric Co. (NYSE:EMR)

CORDA Investment Management LLC. purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,706 shares of the industrial products company’s stock, valued at approximately $1,079,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter valued at $25,000. Stephens Consulting LLC bought a new stake in Emerson Electric during the fourth quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the fourth quarter worth about $27,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric during the third quarter valued at approximately $29,000. Finally, YANKCOM Partnership bought a new stake in shares of Emerson Electric in the 4th quarter worth approximately $30,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Barclays raised their price target on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Morgan Stanley upped their price target 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. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, KeyCorp increased their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Price Performance

NYSE EMR opened at $120.03 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business’s fifty day moving average is $124.62 and its 200 day moving average is $117.95. The company has a market capitalization of $67.68 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

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, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.76%. Emerson Electric’s payout ratio is presently 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.