Emerson Electric Co. (NYSE:EMR) Stock Position Lifted by Cypress Capital LLC

Cypress Capital LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 4.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,916 shares of the industrial products company’s stock after purchasing an additional 823 shares during the period. Cypress Capital LLC’s holdings in Emerson Electric were worth $2,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EMR. Norges Bank purchased a new position in Emerson Electric during the fourth quarter valued at approximately $558,176,000. Nordea Investment Management AB grew its position in Emerson Electric by 396.8% in the first quarter. Nordea Investment Management AB now owns 4,231,968 shares of the industrial products company’s stock worth $420,996,000 after acquiring an additional 3,380,171 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Emerson Electric in the fourth quarter worth approximately $149,620,000. Goldman Sachs Group Inc. grew its position in Emerson Electric by 55.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,508,070 shares of the industrial products company’s stock worth $326,145,000 after acquiring an additional 1,246,143 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Emerson Electric by 15,069.2% in the first quarter. Assenagon Asset Management S.A. now owns 828,544 shares of the industrial products company’s stock worth $81,239,000 after acquiring an additional 823,082 shares in the last quarter. 73.50% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.9 %

NYSE EMR opened at $90.39 on Friday. The stock’s 50 day moving average is $84.02 and its 200 day moving average is $89.58. The firm has a market capitalization of $53.69 billion, a PE ratio of 18.91, a P/E/G ratio of 2.09 and a beta of 1.41. Emerson Electric Co. has a twelve month low of $76.16 and a twelve month high of $105.99. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.77.

Emerson Electric (NYSE:EMRGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.71 billion. Emerson Electric had a return on equity of 27.72% and a net margin of 15.16%. Emerson Electric’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. Research analysts forecast that Emerson Electric Co. will post 5.05 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.06 annualized dividend and a dividend yield of 2.28%. Emerson Electric’s payout ratio is 43.10%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. Oppenheimer decreased their target price on shares of Emerson Electric from $115.00 to $110.00 in a research report on Monday, May 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Emerson Electric from $110.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Credit Suisse Group set a $107.00 price objective on shares of Emerson Electric in a research note on Tuesday, July 19th. Morgan Stanley lowered their target price on shares of Emerson Electric from $101.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 31st. Finally, Wells Fargo & Company increased their price objective on shares of Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.50.

About Emerson Electric

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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