6,726 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Cushing Capital Partners LLC

Cushing Capital Partners LLC purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, Holdings Channel reports. The firm purchased 6,726 shares of the industrial products company’s stock, valued at approximately $834,000.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB grew its position in Emerson Electric by 120.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company’s stock valued at $6,162,000 after acquiring an additional 30,741 shares during the last quarter. Geode Capital Management LLC grew its position in Emerson Electric by 1.4% in the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after acquiring an additional 162,985 shares during the last quarter. Larson Financial Group LLC grew its position in Emerson Electric by 130.0% in the third quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company’s stock valued at $1,044,000 after acquiring an additional 5,393 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company’s stock valued at $10,187,000 after acquiring an additional 6,321 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in Emerson Electric in the third quarter valued at about $443,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EMR. UBS Group began coverage on Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Daiwa Capital Markets started coverage on Emerson Electric in a research note on Tuesday, January 28th. They set an “outperform” rating and a $147.00 price target on the stock. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Finally, Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $135.00 to $110.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.28.

Emerson Electric Price Performance

Emerson Electric stock opened at $111.73 on Tuesday. The firm has a market cap of $63.00 billion, a P/E ratio of 26.66, a P/E/G ratio of 2.49 and a beta of 1.36. The stock’s 50 day moving average is $123.39 and its 200 day moving average is $118.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.89%. Emerson Electric’s payout ratio is currently 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.