Cookson Peirce & Co. Inc. Takes Position in Emerson Electric Co. (NYSE:EMR)

Cookson Peirce & Co. Inc. purchased a new stake in Emerson Electric Co. (NYSE:EMR) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 19,110 shares of the industrial products company’s stock, valued at approximately $2,095,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in Emerson Electric during the 4th quarter valued at about $25,000. Vega Investment Solutions acquired a new position in Emerson Electric during the 4th quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Emerson Electric during the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in Emerson Electric during the 1st quarter worth $28,000. Finally, Fourth Dimension Wealth LLC boosted its position in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 154 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Up 1.6%

NYSE EMR opened at $135.12 on Thursday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company’s 50 day simple moving average is $136.13 and its 200 day simple moving average is $121.77. 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 $76.04 billion, a P/E ratio of 29.06, a PEG ratio of 2.59 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. Emerson Electric’s payout ratio is currently 45.38%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EMR shares. JPMorgan Chase & Co. boosted their price target on Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Stephens upped their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Robert W. Baird reduced their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Bank of America upped their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.39.

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.