Cullinan Associates Inc. Decreases Position in Emerson Electric Co. (EMR)

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Cullinan Associates Inc. decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,550 shares of the industrial products company’s stock after selling 6,400 shares during the quarter. Cullinan Associates Inc.’s holdings in Emerson Electric were worth $5,556,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC lifted its holdings in Emerson Electric by 1,237.5% in the third quarter. Reilly Financial Advisors LLC now owns 1,819 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 1,683 shares during the period. TIAA FSB lifted its holdings in Emerson Electric by 3.2% in the third quarter. TIAA FSB now owns 25,066 shares of the industrial products company’s stock valued at $1,920,000 after acquiring an additional 777 shares during the period. Westbourne Investment Advisors Inc. acquired a new position in Emerson Electric in the third quarter valued at approximately $276,000. First Citizens Bank & Trust Co. lifted its holdings in Emerson Electric by 25.8% in the third quarter. First Citizens Bank & Trust Co. now owns 18,438 shares of the industrial products company’s stock valued at $1,412,000 after acquiring an additional 3,776 shares during the period. Finally, Huntington National Bank lifted its holdings in Emerson Electric by 0.4% in the third quarter. Huntington National Bank now owns 388,073 shares of the industrial products company’s stock valued at $29,719,000 after acquiring an additional 1,441 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

Shares of EMR traded down $0.06 during trading hours on Friday, hitting $72.38. 152,789 shares of the stock were exchanged, compared to its average volume of 3,061,400. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 1.23. Emerson Electric Co. has a 12-month low of $57.47 and a 12-month high of $79.70. The stock has a market capitalization of $46.51 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 1.93 and a beta of 1.15.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts predict that Emerson Electric Co. will post 3.22 earnings per share for the current year.

In related news, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total transaction of $475,804.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the sale, the president now owns 176,477 shares of the company’s stock, valued at $13,429,899.70. The disclosure for this sale can be found here. Insiders have sold 96,409 shares of company stock valued at $7,317,004 over the last quarter. 0.79% of the stock is owned by company insiders.

A number of brokerages have issued reports on EMR. Bank of America boosted their price target on Emerson Electric from $82.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Cowen restated a “buy” rating and issued a $81.00 price objective on shares of Emerson Electric in a research report on Wednesday, September 19th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research report on Thursday, October 4th. Barclays boosted their price objective on Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 24th. Finally, UBS Group boosted their price objective on Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Emerson Electric currently has an average rating of “Buy” and a consensus price target of $78.67.

Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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