Cullinan Associates Inc. Acquires 3,580 Shares of Emerson Electric Co. $EMR

Cullinan Associates Inc. increased its holdings in Emerson Electric Co. (NYSE:EMR) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,330 shares of the industrial products company’s stock after acquiring an additional 3,580 shares during the quarter. Cullinan Associates Inc.’s holdings in Emerson Electric were worth $8,116,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Emerson Electric in the second quarter valued at $6,193,425,000. State Street Corp raised its holdings in shares of Emerson Electric by 1.5% in the second quarter. State Street Corp now owns 27,678,497 shares of the industrial products company’s stock valued at $3,962,177,000 after buying an additional 403,957 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Emerson Electric by 13.1% in the first quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock valued at $2,612,780,000 after buying an additional 2,302,055 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Emerson Electric by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 6,315,661 shares of the industrial products company’s stock worth $827,478,000 after buying an additional 117,513 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Emerson Electric during the second quarter worth about $613,846,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Key Emerson Electric News

Here are the key news stories impacting Emerson Electric this week:

• Positive Sentiment: Emerson’s fourth-quarter results beat expectations, while orders rose 14%, pointing to solid demand. Emerson Q4 earnings beat as orders jump 14%
• Positive Sentiment: Several firms lifted their targets and maintained bullish ratings: BNP Paribas Exane and KeyCorp set targets of $200, Citigroup $198, and RBC and Bernstein $196. Jefferies also raised its target to $200. These revisions signal stronger analyst optimism. BNP Paribas Exane ratings Jefferies raises target
• Positive Sentiment: Emerson raised its quarterly dividend 7.2% to $0.595 per share, extending its annual dividend-growth streak to 71 years. The increase supports the income-investor case, although the yield is relatively modest. Emerson raises dividend
• Neutral Sentiment: Recent coverage says analysts are broadly upbeat and cites LNG investment and reshoring as potential growth tailwinds, while acknowledging that the stock’s valuation is rich. Analyst estimates and ratings LNG and reshoring analysis
• Negative Sentiment: A separate Morgan Stanley forecast was characterized as pessimistic, providing a cautionary counterpoint to the recent analyst upgrades. Morgan Stanley forecast

Emerson Electric Stock Down 0.2%

Shares of NYSE:EMR opened at $162.28 on Friday. The company has a market cap of $90.89 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.29 and a beta of 1.23. The firm’s 50-day simple moving average is $157.91 and its 200-day simple moving average is $147.61. The company has a quick ratio of 0.66, a current ratio of 0.94 and a debt-to-equity ratio of 0.36. Emerson Electric Co. has a fifty-two week low of $122.64 and a fifty-two week high of $172.00.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.01. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.11 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts predict that Emerson Electric Co. will post 7.34 earnings per share for the current year.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be paid a $0.5950 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.5550. The ex-dividend date is Friday, November 13th. Emerson Electric’s dividend payout ratio (DPR) is presently 46.44%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EMR. Mizuho boosted their price target on Emerson Electric from $173.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. HSBC increased their price objective on Emerson Electric from $170.00 to $180.00 in a research report on Thursday, August 6th. Sanford C. Bernstein lifted their target price on Emerson Electric from $186.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $175.38.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the transaction, the chief executive officer owned 271,743 shares in the company, valued at approximately $43,997,909.13. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software.

The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.

Founded in 1890 and headquartered in St.