Cumberland Partners Ltd Has $1.51 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Key Points

• Cumberland Partners Ltd reduced its holdings in Emerson Electric Co. by 20.1%, selling 3,450 shares during the first quarter, leaving it with a total of 13,750 shares valued at approximately $1,508,000.
• Emerson Electric reported a net margin of 13.60% and earnings of $1.48 per share for the quarter, exceeding analysts' estimates, with revenue up 1.3% year-over-year.
• Various institutional investors have increased their stake in Emerson Electric, with 74.30% of the company's stock now owned by institutional investors, highlighting strong interest from the financial sector.

Cumberland Partners Ltd cut its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 20.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,750 shares of the industrial products company's stock after selling 3,450 shares during the period. Cumberland Partners Ltd's holdings in Emerson Electric were worth $1,508,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in Emerson Electric during the fourth quarter worth about $25,000. Vega Investment Solutions purchased a new position in Emerson Electric in the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric in the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new position in Emerson Electric in the 1st quarter worth about $28,000. Finally, Fourth Dimension Wealth LLC increased its stake in Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer directly owned 164,957 shares in the company, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Trading Down 1.5%

NYSE EMR traded down $2.19 on Tuesday, reaching $140.43. The company had a trading volume of 5,764,959 shares, compared to its average volume of 3,110,288. The stock's 50 day moving average is $134.13 and its 200-day moving average is $121.41. The stock has a market cap of $78.99 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.75 and a beta of 1.32. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. Equities analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EMR. Royal Bank Of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Barclays raised their price objective on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 9th. Robert W. Baird reduced their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Bank of America lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company lifted their price target on Emerson Electric from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $142.28.

About Emerson Electric

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.