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

Cullen Frost Bankers Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 44,160 shares of the industrial products company’s stock after selling 1,208 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Emerson Electric were worth $5,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB raised its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after buying an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC raised its position in Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth approximately $43,000. United Advisor Group LLC increased its position in shares of Emerson Electric by 4.0% during the 3rd quarter. United Advisor Group LLC now owns 2,598 shares of the industrial products company’s stock valued at $284,000 after purchasing an additional 100 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at $340,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Up 0.3 %

Emerson Electric stock opened at $116.19 on Friday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The business has a fifty day moving average of $123.78 and a two-hundred day moving average of $118.41. The firm has a market cap of $65.52 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.49 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.82%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EMR shares. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price on the stock. Finally, Morgan Stanley raised their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.67.

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.