Cyndeo Wealth Partners LLC Trims Stock Holdings in Emerson Electric Co. $EMR

Cyndeo Wealth Partners LLC trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 17.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,292 shares of the industrial products company’s stock after selling 713 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Emerson Electric were worth $439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in shares of Emerson Electric in the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric in the first quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in Emerson Electric in the first quarter worth approximately $28,000. Fourth Dimension Wealth LLC grew its stake in Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Finally, PFS Partners LLC grew its stake in Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 108 shares in the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Citigroup increased their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Daiwa Capital Markets increased their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Stock Performance

Shares of EMR opened at $125.99 on Friday. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The stock has a fifty day moving average price of $132.66 and a 200-day moving average price of $125.25. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a market cap of $70.91 billion, a PE ratio of 27.09, a P/E/G ratio of 2.19 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Thursday, April 6th. The industrial products company reported $0.79 EPS for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm had revenue of $3.16 billion during the quarter. Equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Emerson Electric’s dividend payout ratio is currently 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.