Emerson Electric Co. (NYSE:EMR) Shares Sold by Keystone Financial Planning Inc.

Keystone Financial Planning Inc. reduced its position in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,411 shares of the industrial products company’s stock after selling 136 shares during the period. Keystone Financial Planning Inc.’s holdings in Emerson Electric were worth $614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley increased its position in shares of Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock valued at $1,327,876,000 after acquiring an additional 1,008,294 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after acquiring an additional 1,488,948 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Emerson Electric by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after acquiring an additional 62,105 shares during the last quarter. Norges Bank acquired a new stake in shares of Emerson Electric during the fourth quarter valued at about $764,604,000. Finally, Nordea Investment Management AB increased its position in shares of Emerson Electric by 26.5% during the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after acquiring an additional 1,558,903 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EMR shares. Robert W. Baird dropped their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Citigroup lifted their price objective on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. Barclays lifted their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Mizuho lifted their price objective on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.76.

Read Our Latest Stock Report on EMR

Emerson Electric Stock Down 0.4 %

Shares of NYSE:EMR traded down $0.42 during trading on Thursday, hitting $108.26. 1,984,582 shares of the company were exchanged, compared to its average volume of 2,684,698. The stock has a market capitalization of $61.94 billion, a P/E ratio of 5.79, a PEG ratio of 1.81 and a beta of 1.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $116.76. The firm’s 50 day moving average price is $110.27 and its 200-day moving average price is $104.78.

Emerson Electric (NYSE:EMRGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.11. The business had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.29 billion. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, research analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.10 annualized dividend and a yield of 1.94%. Emerson Electric’s dividend payout ratio (DPR) is 11.24%.

Emerson Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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