Keystone Financial Group Inc. Takes $82,000 Position in Emerson Electric Co. (NYSE:EMR)

Keystone Financial Group Inc. bought a new stake in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 665 shares of the industrial products company’s stock, valued at approximately $82,000.

Other large investors have also recently modified their holdings of the company. Stephens Consulting LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric during the fourth quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the third quarter worth about $25,000. YANKCOM Partnership bought a new stake in Emerson Electric during the fourth quarter worth about $30,000. Finally, Darwin Wealth Management LLC bought a new stake in Emerson Electric during the third quarter worth about $29,000. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $127.49 on Friday. The firm has a market cap of $72.61 billion, a P/E ratio of 37.28, a PEG ratio of 2.22 and a beta of 1.34. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a 50 day simple moving average of $126.78 and a two-hundred day simple moving average of $116.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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%. Equities analysts forecast that Emerson Electric Co. will post 5.91 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on EMR shares. KeyCorp boosted their price objective on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company lifted their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. UBS Group started coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

About Emerson Electric

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.