Cypress Capital Group Has $1.39 Million Holdings in Emerson Electric Co. $EMR

Cypress Capital Group boosted its stake in Emerson Electric Co. (NYSE:EMR) by 17.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,422 shares of the industrial products company’s stock after purchasing an additional 1,579 shares during the quarter. Cypress Capital Group’s holdings in Emerson Electric were worth $1,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Impact Capital Partners LLC raised its holdings in shares of Emerson Electric by 3.9% in the 2nd quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the period. Beacon Financial Advisory LLC raised its stake in Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after buying an additional 77 shares during the period. Petros Family Wealth LLC lifted its position in shares of Emerson Electric by 0.9% in the second quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after buying an additional 80 shares during the last quarter. Orca Investment Management LLC increased its holdings in shares of Emerson Electric by 2.0% during the 2nd quarter. Orca Investment Management LLC now owns 4,190 shares of the industrial products company’s stock worth $559,000 after acquiring an additional 81 shares during the last quarter. Finally, Dominguez Wealth Management Solutions Inc. raised its stake in Emerson Electric by 0.4% in the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock valued at $3,007,000 after acquiring an additional 84 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 4.2%

Shares of NYSE:EMR opened at $125.99 on Monday. The business’s 50 day simple moving average is $132.66 and its 200 day simple moving average is $125.34. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market capitalization of $70.91 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. The firm had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. On average, research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

Analyst Upgrades and Downgrades

EMR has been the topic of several research reports. Daiwa Capital Markets upped their price objective 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. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Jefferies Financial Group cut their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. KeyCorp increased their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Finally, Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Two 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’s stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $145.56.

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.