Sound Financial Strategies Group LLC Increases Stake in Emerson Electric Co. (NYSE:EMR)

Sound Financial Strategies Group LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 12.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,438 shares of the industrial products company’s stock after buying an additional 810 shares during the period. Emerson Electric accounts for about 0.8% of Sound Financial Strategies Group LLC’s portfolio, making the stock its 16th biggest position. Sound Financial Strategies Group LLC’s holdings in Emerson Electric were worth $922,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC acquired a new position in Emerson Electric in the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $25,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $30,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

EMR has been the topic of a number of recent analyst reports. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Barclays increased their target price on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.26.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $113.87 on Wednesday. Emerson Electric Co. has a one year low of $96.62 and a one year high of $134.85. The company has a market cap of $64.21 billion, a PE ratio of 27.18, a P/E/G ratio of 2.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business has a 50-day simple moving average of $124.19 and a 200-day simple moving average of $118.45.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is 50.36%.

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.