Cushing Capital Partners LLC Raises Position in Emerson Electric Co. (NYSE:EMR)

Cushing Capital Partners LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,135 shares of the industrial products company’s stock after acquiring an additional 409 shares during the period. Cushing Capital Partners LLC’s holdings in Emerson Electric were worth $782,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Stokes Family Office LLC raised its holdings in Emerson Electric by 94.8% in the fourth quarter. Stokes Family Office LLC now owns 9,206 shares of the industrial products company’s stock worth $1,141,000 after purchasing an additional 4,480 shares in the last quarter. Clark Capital Management Group Inc. grew its position in shares of Emerson Electric by 7.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company’s stock worth $749,000 after buying an additional 434 shares during the period. World Investment Advisors increased its stake in shares of Emerson Electric by 41.2% in the 4th quarter. World Investment Advisors now owns 20,823 shares of the industrial products company’s stock worth $2,581,000 after acquiring an additional 6,079 shares in the last quarter. Geode Capital Management LLC lifted its position in Emerson Electric by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,685,615 shares of the industrial products company’s stock valued at $1,443,725,000 after acquiring an additional 232,540 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Emerson Electric during the fourth quarter worth about $297,947,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, June 9th. Robert W. Baird reduced their price objective on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Citigroup increased their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and an average target price of $136.47.

Emerson Electric Stock Down 0.9%

EMR opened at $127.55 on Wednesday. The stock has a market capitalization of $71.75 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 2.54 and a beta of 1.28. The firm has a 50 day moving average price of $113.52 and a 200-day moving average price of $118.26. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $134.85. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS. Equities research analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Friday, May 16th. Emerson Electric’s payout ratio is 50.48%.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

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.