Tyche Wealth Partners LLC Reduces Holdings in Emerson Electric Co. (NYSE:EMR)

Tyche Wealth Partners LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.5% in the 4th quarter, HoldingsChannel reports. The fund owned 2,860 shares of the industrial products company’s stock after selling 168 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Emerson Electric were worth $354,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $25,000. Stephens Consulting LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric in the 4th quarter worth approximately $27,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $29,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter worth approximately $33,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Emerson Electric stock opened at $127.49 on Friday. The company has a market cap of $72.61 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.22 and a beta of 1.34. The firm’s fifty day moving average is $126.78 and its 200 day moving average is $116.66. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. Sell-side analysts forecast that Emerson Electric Co. will post 5.91 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 61.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EMR shares. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Morgan Stanley increased their target price on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric 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.