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

Keystone Financial Planning Inc. decreased its stake in Emerson Electric Co. (NYSE:EMR) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,983 shares of the industrial products company’s stock after selling 157 shares during the quarter. Keystone Financial Planning Inc.’s holdings in Emerson Electric were worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wedmont Private Capital boosted its holdings in Emerson Electric by 7.6% during the fourth quarter. Wedmont Private Capital now owns 5,324 shares of the industrial products company’s stock worth $628,000 after buying an additional 374 shares in the last quarter. Talbot Financial LLC raised its stake in Emerson Electric by 0.7% in the 4th quarter. Talbot Financial LLC now owns 77,391 shares of the industrial products company’s stock valued at $9,591,000 after purchasing an additional 508 shares during the last quarter. CHICAGO TRUST Co NA grew its stake in Emerson Electric by 0.7% during the 4th quarter. CHICAGO TRUST Co NA now owns 20,171 shares of the industrial products company’s stock valued at $2,500,000 after acquiring an additional 149 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in Emerson Electric by 0.6% during the fourth quarter. Capital Investment Advisors LLC now owns 23,038 shares of the industrial products company’s stock worth $2,855,000 after buying an additional 140 shares during the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of Emerson Electric by 57.2% during the 4th quarter. Brookstone Capital Management now owns 18,833 shares of the industrial products company’s stock worth $2,334,000 after buying an additional 6,855 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EMR shares. BNP Paribas assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target for the company. Royal Bank of Canada lowered their target price on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Barclays upped their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. UBS Group assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 target price for the company. Finally, Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Price Performance

Shares of NYSE:EMR traded up $0.41 during midday trading on Monday, hitting $118.35. 1,338,383 shares of the stock were exchanged, compared to its average volume of 2,279,406. The stock has a market cap of $67.40 billion, a P/E ratio of 34.61, a PEG ratio of 2.19 and a beta of 1.35. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The company has a 50 day moving average price of $127.08 and a 200-day moving average price of $114.87. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Emerson Electric Company 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.