CFM Wealth Partners LLC Grows Position in Emerson Electric Co. (NYSE:EMR)

CFM Wealth Partners LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 38.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,868 shares of the industrial products company’s stock after acquiring an additional 789 shares during the period. CFM Wealth Partners LLC’s holdings in Emerson Electric were worth $325,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Tributary Capital Management LLC bought a new position in shares of Emerson Electric in the first quarter worth $35,000. Rise Advisors LLC bought a new position in Emerson Electric in the 1st quarter worth about $36,000. Finally, Versant Capital Management Inc raised its stake in Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Price Performance

NYSE EMR opened at $109.24 on Wednesday. The stock has a market cap of $62.50 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 1.70 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $83.10 and a 12 month high of $119.53. The company’s 50 day moving average is $105.18 and its two-hundred day moving average is $109.21. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. As a group, research analysts anticipate that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend and a yield of 1.92%. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

EMR has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Redburn Atlantic assumed coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price for the company. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. Robert W. Baird lifted their price target on Emerson Electric from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley started coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.59.

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.