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

Cushing Capital Partners LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 6.1% during the first quarter, Holdings Channel reports. The institutional investor owned 7,135 shares of the industrial products company’s stock after purchasing 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 reporting period.

Other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the fourth quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Emerson Electric in the 4th quarter valued at $28,000. Ameriflex Group Inc. purchased a new stake in Emerson Electric in the 4th quarter worth $30,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Emerson Electric by 208.2% during the 4th quarter. Meeder Asset Management Inc. now owns 299 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.9%

EMR stock opened at $127.55 on Wednesday. The firm’s fifty day simple moving average is $113.52 and its two-hundred day simple moving average is $118.26. The stock has a market capitalization of $71.75 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. 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 Co. has a twelve month low of $90.06 and a twelve month high of $134.85.

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

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on Emerson Electric from $112.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, June 9th. Wall Street Zen upgraded Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Citigroup upped their price objective on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Royal Bank Of Canada boosted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $136.47.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is 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.