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

Cypress Asset Management Inc. TX purchased a new stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,070 shares of the industrial products company's stock, valued at approximately $3,826,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Dakota Wealth Management lifted its stake in shares of Emerson Electric by 11.7% in the fourth quarter. Dakota Wealth Management now owns 7,971 shares of the industrial products company's stock worth $988,000 after acquiring an additional 838 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Emerson Electric by 74.1% in the fourth quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company's stock worth $1,412,000 after acquiring an additional 4,850 shares in the last quarter. RFG Advisory LLC raised its stake in Emerson Electric by 78.8% during the fourth quarter. RFG Advisory LLC now owns 15,506 shares of the industrial products company's stock valued at $1,922,000 after buying an additional 6,833 shares in the last quarter. Southland Equity Partners LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $211,000. Finally, CX Institutional raised its stake in Emerson Electric by 4.8% during the fourth quarter. CX Institutional now owns 16,491 shares of the industrial products company's stock valued at $2,044,000 after buying an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Insider Buying and Selling at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric 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 sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $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 is available through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EMR. Daiwa America upgraded Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Barclays increased their price target on Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target on the stock. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Wells Fargo & Company increased their price objective on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $133.06.

Emerson Electric Stock Down 1.0%

EMR stock traded down $1.27 during mid-day trading on Wednesday, hitting $119.70. The stock had a trading volume of 2,372,398 shares, compared to its average volume of 2,927,990. 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 Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a fifty day moving average of $108.33 and a 200 day moving average of $118.95. The stock has a market capitalization of $67.33 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the firm posted $1.36 EPS. The business's revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.76%. Emerson Electric's dividend payout ratio (DPR) is currently 50.48%.

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.