Cookson Peirce & Co. Inc. Sells 4,638 Shares of Emerson Electric Co. $EMR

Key Points

• Cookson Peirce & Co. Inc. reduced its stake in Emerson Electric Co. by 24.3%, selling 4,638 shares and holding a total of 14,472 shares valued at approximately $1.93 million.
• Several institutional investors have recently acquired positions in Emerson Electric, with 74.30% of the company's stock now owned by these investors.
• Emerson Electric's quarterly dividend of $0.5275 reflects an annualized yield of 1.6%, with a payout ratio of 45.38%.

Cookson Peirce & Co. Inc. lessened its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 24.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,472 shares of the industrial products company's stock after selling 4,638 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Emerson Electric were worth $1,930,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Saudi Central Bank bought a new position in shares of Emerson Electric in the first quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Emerson Electric in the first quarter worth $27,000. Fourth Dimension Wealth LLC boosted its holdings in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. PFS Partners LLC boosted its holdings in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 108 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in Emerson Electric in the second quarter valued at $38,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent analyst reports. Citigroup lifted their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Barclays upgraded shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Finally, Daiwa Capital Markets upped their price target on shares of Emerson Electric from $150.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $148.28.

Emerson Electric Price Performance

EMR opened at $132.29 on Wednesday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The stock has a market capitalization of $74.45 billion, a P/E ratio of 28.45, a P/E/G ratio of 2.25 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company's 50-day simple moving average is $131.88 and its two-hundred day simple moving average is $126.36.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion during the quarter. As a group, analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio is currently 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.

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