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

Keystone Financial Planning Inc. lowered its stake in Emerson Electric Co. (NYSE:EMR) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in Emerson Electric by 2.7% during the 1st quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company’s stock worth $23,271,000 after buying an additional 5,504 shares during the last quarter. Davis Investment Partners LLC bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $692,000. North Capital Inc. acquired a new stake in Emerson Electric in the 1st quarter valued at approximately $211,000. Golden State Equity Partners acquired a new stake in Emerson Electric in the 1st quarter valued at approximately $459,000. Finally, Truist Financial Corp increased its position in Emerson Electric by 1.7% in the 1st quarter. Truist Financial Corp now owns 1,078,616 shares of the industrial products company’s stock valued at $118,259,000 after acquiring an additional 18,069 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $132.81 on Friday. The firm has a market cap of $74.75 billion, a PE ratio of 28.56, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $131.77 and a 200-day simple moving average of $126.91. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

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

Emerson Electric Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on EMR. Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Barclays upgraded Emerson Electric from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $125.00 to $127.00 in a research report on Thursday, August 7th. Wolfe Research lowered their price target on Emerson Electric from $173.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Emerson Electric from $157.00 to $159.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.