Cullen Frost Bankers Inc. Trims Stock Position in Emerson Electric Co. (NYSE:EMR)

Cullen Frost Bankers Inc. decreased its position in Emerson Electric Co. (NYSE:EMR) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,559 shares of the industrial products company’s stock after selling 7,763 shares during the period. Cullen Frost Bankers Inc.’s holdings in Emerson Electric were worth $4,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMR. Mackenzie Financial Corp lifted its stake in shares of Emerson Electric by 3.0% in the 3rd quarter. Mackenzie Financial Corp now owns 51,474 shares of the industrial products company’s stock valued at $4,882,000 after purchasing an additional 1,504 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Emerson Electric by 3.2% in the third quarter. Chicago Partners Investment Group LLC now owns 7,660 shares of the industrial products company’s stock valued at $691,000 after buying an additional 241 shares during the last quarter. Advisor Partners II LLC boosted its stake in Emerson Electric by 7.7% during the third quarter. Advisor Partners II LLC now owns 27,945 shares of the industrial products company’s stock worth $2,699,000 after buying an additional 2,008 shares during the period. Gratus Capital LLC raised its stake in shares of Emerson Electric by 17.9% in the 3rd quarter. Gratus Capital LLC now owns 11,445 shares of the industrial products company’s stock valued at $1,105,000 after acquiring an additional 1,740 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Emerson Electric in the 3rd quarter worth approximately $425,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Up 4.9 %

Emerson Electric stock opened at $112.65 on Thursday. The stock has a market cap of $64.30 billion, a PE ratio of 5.87, a P/E/G ratio of 1.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The stock’s fifty day moving average is $110.61 and its two-hundred day moving average is $99.95. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $115.26.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. On average, sell-side analysts expect that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.86%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EMR shares. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the company from $123.00 to $138.00 in a research report on Thursday. Berenberg Bank increased their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group lifted their target price on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Mizuho increased their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada lifted their price objective on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.41.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

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.