8,796 Shares in Emerson Electric Co. $EMR Bought by CORDA Investment Management LLC.

Key Points

• CORDA Investment Management LLC acquired 8,796 shares of Emerson Electric Co. valued at approximately $1,173,000 in the second quarter.
• Recent analyst reports have raised the price target for Emerson Electric, with Royal Bank of Canada setting it at $155.00, reflecting an overall positive outlook on the stock.
• Emerson Electric declared a quarterly dividend of $0.5275 per share, representing a 1.6% dividend yield and a payout ratio of 45.38%.

CORDA Investment Management LLC. purchased a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,796 shares of the industrial products company's stock, valued at approximately $1,173,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its position in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock worth $23,271,000 after buying an additional 5,504 shares during the last quarter. Davis Investment Partners LLC purchased a new position in Emerson Electric during the 2nd quarter worth $692,000. North Capital Inc. purchased a new position in Emerson Electric during the 1st quarter worth $211,000. Golden State Equity Partners purchased a new position in shares of Emerson Electric in the 1st quarter valued at about $459,000. Finally, Truist Financial Corp increased its holdings in shares of Emerson Electric by 1.7% in the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company's stock valued at $118,259,000 after purchasing an additional 18,069 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

EMR has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on shares of Emerson Electric from $154.00 to $155.00 and gave the company an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Emerson Electric from $135.00 to $151.00 and gave the company a "neutral" rating in a report on Wednesday, October 15th. KeyCorp increased their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Daiwa Capital Markets raised their target price on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, September 24th. Finally, Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.28.

Emerson Electric Price Performance

Emerson Electric stock opened at $129.34 on Monday. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $150.27. The stock has a market capitalization of $72.79 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.24 and a beta of 1.29. The firm's 50-day moving average is $131.93 and its two-hundred day moving average is $126.07. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion for the quarter. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

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.

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