Sendero Wealth Management LLC Purchases 360 Shares of Emerson Electric Co. $EMR

Sendero Wealth Management LLC raised its holdings in Emerson Electric Co. (NYSE:EMR) by 14.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,775 shares of the industrial products company’s stock after acquiring an additional 360 shares during the period. Sendero Wealth Management LLC’s holdings in Emerson Electric were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Saudi Central Bank purchased a new position in shares of Emerson Electric during the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Emerson Electric during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Emerson Electric in the first quarter worth about $28,000. Fourth Dimension Wealth LLC raised its position in Emerson Electric by 145.3% during the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Finally, Garde Capital Inc. purchased a new stake in Emerson Electric in the 1st quarter worth approximately $36,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Bank of America lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Saturday, September 27th. Citigroup lifted their target price on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, KeyCorp raised their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $144.88.

Emerson Electric Stock Performance

EMR stock opened at $134.79 on Monday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The stock’s fifty day moving average price is $134.13 and its 200-day moving average price is $124.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The company has a market cap of $75.86 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29.

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

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is presently 45.38%.

Emerson Electric Company Profile

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.