Emerson Electric Co. $EMR Shares Sold by Keystone Financial Planning Inc.

Keystone Financial Planning Inc. cut its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,582 shares of the industrial products company’s stock after selling 401 shares during the quarter. Keystone Financial Planning Inc.’s holdings in Emerson Electric were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EMR. Saudi Central Bank purchased a new position in shares of Emerson Electric during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the 1st quarter valued at about $27,000. PFS Partners LLC boosted its holdings in Emerson Electric by 65.9% during the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Princeton Global Asset Management LLC purchased a new position in Emerson Electric during the 2nd quarter valued at about $38,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Emerson Electric by 436.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 354 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 288 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.3%

EMR opened at $132.81 on Friday. The business’s fifty day moving average is $131.77 and its two-hundred day moving average is $126.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company has a market cap of $74.75 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 2.30 and a beta of 1.29. Emerson Electric Co. has a one year low of $90.06 and a one year high of $150.27.

Emerson Electric (NYSE:EMR) last posted its earnings results 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 company had revenue of $3.16 billion for the quarter. Analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EMR. Wolfe Research decreased their price objective on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their target price on Emerson Electric from $154.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 target price (down previously from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued 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 $148.28.

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.