Cypress Asset Management Inc. TX Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Cypress Asset Management Inc. TX purchased a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,145 shares of the industrial products company’s stock, valued at approximately $1,377,000.

A number of other hedge funds have also recently added to or reduced their stakes in EMR. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Emerson Electric by 24.9% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,172 shares of the industrial products company’s stock worth $403,000 after purchasing an additional 832 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Emerson Electric by 54.4% in the 3rd quarter. Larson Financial Group LLC now owns 3,294 shares of the industrial products company’s stock worth $318,000 after buying an additional 1,161 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Emerson Electric by 3.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 430,551 shares of the industrial products company’s stock worth $41,578,000 after buying an additional 15,431 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Emerson Electric by 1.7% during the third quarter. Corient Private Wealth LLC now owns 878,998 shares of the industrial products company’s stock worth $84,886,000 after purchasing an additional 14,448 shares during the period. Finally, Signaturefd LLC increased its position in shares of Emerson Electric by 7.3% in the third quarter. Signaturefd LLC now owns 11,156 shares of the industrial products company’s stock worth $1,077,000 after acquiring an additional 760 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Trading Down 1.9 %

Shares of EMR stock traded down $2.19 during trading hours on Thursday, reaching $112.49. The company’s stock had a trading volume of 2,642,724 shares, compared to its average volume of 2,761,957. The stock has a market capitalization of $64.36 billion, a P/E ratio of 6.14, a P/E/G ratio of 1.90 and a beta of 1.36. Emerson Electric Co. has a one year low of $76.94 and a one year high of $116.76. The firm’s fifty day simple moving average is $111.72 and its 200 day simple moving average is $101.76. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. Equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, May 16th. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Barclays increased their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Bank of America upped their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Mizuho upped their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, UBS Group upped their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $120.56.

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.