Cookson Peirce & Co. Inc. Takes $2.10 Million Position in Emerson Electric Co. $EMR

Key Points

• Cookson Peirce & Co. Inc. has acquired a new stake in Emerson Electric Co., purchasing 19,110 shares valued at approximately $2.1 million during the 1st quarter.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, with an annualized yield of 1.6% and a payout ratio of 45.38%.
• Emerson's quarterly earnings showed an EPS of $1.52, exceeding analysts' expectations, with a net revenue of $4.55 billion, marking a year-over-year revenue increase of 3.9%.

Cookson Peirce & Co. Inc. bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,110 shares of the industrial products company's stock, valued at approximately $2,095,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Emerson Electric by 9.3% during the 1st quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company's stock valued at $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC purchased a new stake in Emerson Electric during the 1st quarter valued at approximately $737,318,000. Northern Trust Corp grew its holdings in Emerson Electric by 5.9% during the 4th quarter. Northern Trust Corp now owns 6,676,168 shares of the industrial products company's stock valued at $827,377,000 after buying an additional 370,560 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Emerson Electric by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,862,749 shares of the industrial products company's stock valued at $478,710,000 after buying an additional 339,355 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Emerson Electric by 18.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company's stock valued at $415,912,000 after buying an additional 579,653 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Trading Up 0.0%

EMR stock traded up $0.06 during trading on Monday, reaching $131.81. 2,772,337 shares of the stock traded hands, compared to its average volume of 3,180,647. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The business's 50 day moving average price is $136.53 and its 200-day moving average price is $121.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market capitalization of $74.18 billion, a PE ratio of 28.35, a P/E/G ratio of 2.57 and a beta of 1.32.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Emerson Electric's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 earnings per share. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is presently 45.38%.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Robert W. Baird cut their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wells Fargo & Company boosted their price target on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada boosted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

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.