Emerson Electric Co. $EMR Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,200 shares of the industrial products company’s stock after selling 3,631 shares during the period. Cullinan Associates Inc.’s holdings in Emerson Electric were worth $9,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EMR. Impact Capital Partners LLC lifted its stake in shares of Emerson Electric by 3.9% in the second quarter. Impact Capital Partners LLC now owns 1,909 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 71 shares during the period. Beacon Financial Advisory LLC increased its holdings in Emerson Electric by 2.9% in the second quarter. Beacon Financial Advisory LLC now owns 2,769 shares of the industrial products company’s stock valued at $369,000 after buying an additional 77 shares in the last quarter. Petros Family Wealth LLC lifted its position in shares of Emerson Electric by 0.9% during the 2nd quarter. Petros Family Wealth LLC now owns 9,319 shares of the industrial products company’s stock valued at $1,243,000 after acquiring an additional 80 shares during the period. Dominguez Wealth Management Solutions Inc. grew its holdings in shares of Emerson Electric by 0.4% in the 2nd quarter. Dominguez Wealth Management Solutions Inc. now owns 22,556 shares of the industrial products company’s stock worth $3,007,000 after acquiring an additional 84 shares during the period. Finally, Opal Wealth Advisors LLC increased its stake in Emerson Electric by 14.1% in the 2nd quarter. Opal Wealth Advisors LLC now owns 686 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a report on Thursday. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.88.

Emerson Electric Trading Up 1.3%

NYSE EMR opened at $134.79 on Monday. The company has a 50-day moving average of $134.13 and a 200-day moving average of $124.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company has a market cap of $75.86 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted 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 return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

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

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.