CFM Wealth Partners LLC Has $210,000 Stock Position in Emerson Electric Co. $EMR

CFM Wealth Partners LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 18.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,575 shares of the industrial products company’s stock after selling 350 shares during the quarter. CFM Wealth Partners LLC’s holdings in Emerson Electric were worth $210,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in shares of Emerson Electric by 6.9% during the 1st quarter. Wellington Management Group LLP now owns 15,280,950 shares of the industrial products company’s stock worth $1,675,403,000 after purchasing an additional 980,652 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Emerson Electric by 9.3% in the first quarter. JPMorgan Chase & Co. now owns 7,166,817 shares of the industrial products company’s stock valued at $785,770,000 after buying an additional 611,105 shares in the last quarter. Nuveen LLC acquired a new stake in Emerson Electric in the first quarter valued at about $737,318,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Emerson Electric by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,086,580 shares of the industrial products company’s stock valued at $448,053,000 after buying an additional 223,831 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Emerson Electric by 18.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,793,436 shares of the industrial products company’s stock valued at $415,912,000 after buying an additional 579,653 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EMR. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $125.00 to $127.00 in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. KeyCorp raised their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Price Performance

Emerson Electric stock opened at $134.82 on Tuesday. The stock’s 50 day moving average is $133.84 and its 200 day moving average is $124.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27. The firm has a market cap of $75.88 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.34 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the company posted $1.43 earnings per share. Emerson Electric’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio is 45.38%.

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.