Cushing Capital Partners LLC Invests $834,000 in Emerson Electric Co. (NYSE:EMR)

Cushing Capital Partners LLC acquired a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,726 shares of the industrial products company's stock, valued at approximately $834,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the 4th quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the 3rd quarter valued at about $25,000. YANKCOM Partnership purchased a new position in shares of Emerson Electric during the 4th quarter worth about $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the third quarter worth approximately $29,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EMR shares. Barclays lowered shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $135.00 to $110.00 in a report on Monday. Royal Bank of Canada restated an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. BNP Paribas started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an "outperform" rating and a $155.00 price target on the stock. Finally, Daiwa America upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.28.

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Emerson Electric Stock Performance

Emerson Electric stock traded down $1.67 during mid-day trading on Thursday, reaching $109.17. The company's stock had a trading volume of 2,256,832 shares, compared to its average volume of 2,950,390. The firm has a market cap of $61.56 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The business has a 50 day moving average price of $122.60 and a 200-day moving average price of $118.70. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.93%. The ex-dividend date was Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.

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.