17,503 Shares in Emerson Electric Co. (NYSE:EMR) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,503 shares of the industrial products company’s stock, valued at approximately $2,169,000.

A number of other institutional investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter worth approximately $25,000. Stephens Consulting LLC acquired a new stake in shares of Emerson Electric in the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in Emerson Electric during the fourth quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the third quarter worth about $29,000. Finally, YANKCOM Partnership acquired a new stake in Emerson Electric in the 4th quarter valued at about $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EMR has been the topic of several recent research reports. Robert W. Baird lifted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Daiwa Capital Markets began coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target on the stock. Barclays raised their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. decreased their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.90.

Emerson Electric Trading Down 1.6 %

Shares of NYSE:EMR opened at $123.30 on Tuesday. The firm has a fifty day moving average of $125.73 and a two-hundred day moving average of $117.11. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85. The firm has a market capitalization of $70.22 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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 analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.