Emerson Electric Co. (NYSE:EMR) Holdings Cut by Cumberland Partners Ltd

Cumberland Partners Ltd lowered its holdings in Emerson Electric Co. (NYSE:EMRGet Rating) by 23.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,500 shares of the industrial products company’s stock after selling 1,395 shares during the period. Cumberland Partners Ltd’s holdings in Emerson Electric were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EMR. Disciplined Investments LLC raised its holdings in shares of Emerson Electric by 75.0% during the fourth quarter. Disciplined Investments LLC now owns 280 shares of the industrial products company’s stock valued at $26,000 after buying an additional 120 shares during the last quarter. Widmann Financial Services Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Emerson Electric by 200.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 300 shares of the industrial products company’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Equitec Proprietary Markets LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $33,000. Finally, FSB Premier Wealth Management Inc. bought a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $35,000. 73.50% of the stock is currently owned by hedge funds and other institutional investors.

In other Emerson Electric news, insider Mark J. Bulanda sold 4,574 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total transaction of $445,278.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is owned by insiders.

Shares of NYSE:EMR traded up $1.77 during trading on Tuesday, reaching $86.22. 84,268 shares of the company traded hands, compared to its average volume of 3,043,451. The firm has a fifty day simple moving average of $93.26 and a 200 day simple moving average of $93.58. The firm has a market cap of $51.21 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.42. Emerson Electric Co. has a 1-year low of $81.01 and a 1-year 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 issued its earnings results on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share (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 analyst estimates of $4.71 billion. Emerson Electric had a net margin of 15.16% and a return on equity of 27.72%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. As a group, research analysts anticipate that Emerson Electric Co. will post 5.04 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 12th. Emerson Electric’s payout ratio is presently 43.10%.

EMR has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Emerson Electric from $102.00 to $108.00 and gave the company an “equal weight” rating in a report on Thursday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Emerson Electric from $114.00 to $110.00 in a research note on Thursday, May 5th. Citigroup lowered their price objective on shares of Emerson Electric from $119.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday. Credit Suisse Group raised their price objective on shares of Emerson Electric from $111.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 3rd. Finally, StockNews.com initiated coverage on shares of Emerson Electric in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $107.34.

Emerson Electric Company Profile (Get Rating)

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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

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