Strategic Financial Concepts LLC Invests $2.17 Million in Emerson Electric Co. (NYSE:EMR)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in shares of Emerson Electric by 1.5% in the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock worth $20,201,000 after acquiring an additional 2,768 shares during the last quarter. Swedbank AB raised its position in Emerson Electric by 127.3% in the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC boosted its position in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after buying an additional 180 shares during the period. Blue Trust Inc. grew its stake in shares of Emerson Electric by 61.1% in the third quarter. Blue Trust Inc. now owns 6,523 shares of the industrial products company’s stock valued at $719,000 after buying an additional 2,475 shares in the last quarter. Finally, Revolve Wealth Partners LLC lifted its stake in Emerson Electric by 6.4% during the 3rd quarter. Revolve Wealth Partners LLC now owns 2,176 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Price Performance

EMR opened at $123.30 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54. 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 moving average of $125.73 and a 200-day moving average of $117.11. The company has a market capitalization of $70.22 billion, a P/E ratio of 29.43, a PEG ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. 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 disclosed 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. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio is presently 50.36%.

Wall Street Analyst Weigh In

Several research analysts recently commented on EMR shares. Robert W. Baird boosted their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada restated an “outperform” rating and set a $138.00 target price on shares of Emerson Electric in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

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.