Keystone Financial Planning Inc. Acquires 1,659 Shares of Emerson Electric Company (EMR)

Keystone Financial Planning Inc. raised its holdings in Emerson Electric Company (NYSE:EMR) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 92,273 shares of the industrial products company’s stock after purchasing an additional 1,659 shares during the quarter. Emerson Electric accounts for approximately 3.3% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 13th biggest holding. Keystone Financial Planning Inc.’s holdings in Emerson Electric were worth $5,501,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Emerson Electric by 135.9% during the 1st quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after acquiring an additional 1,706,810 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Emerson Electric by 217.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock worth $145,480,000 after acquiring an additional 1,684,786 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Emerson Electric by 19.4% during the 1st quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after acquiring an additional 705,924 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Emerson Electric by 3,745.5% during the 1st quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock worth $33,771,000 after acquiring an additional 546,801 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

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Several research firms have recently issued reports on EMR. Citigroup Inc. reissued a “sell” rating and set a $61.00 target price (up from $58.00) on shares of Emerson Electric in a research note on Monday. Morgan Stanley reissued an “equal weight” rating and set a $67.00 target price (up from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. JMP Securities began coverage on shares of Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price on the stock. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and a consensus price target of $60.71.

Emerson Electric Company (EMR) opened at 63.82 on Tuesday. The firm has a market cap of $40.85 billion, a P/E ratio of 28.48 and a beta of 1.21. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The company’s 50 day moving average is $61.33 and its 200 day moving average is $59.95.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Equities research analysts forecast that Emerson Electric Company will post $2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.

In relate

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Emerson Electric by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock worth $2,615,777,000 after acquiring an additional 2,404,844 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Emerson Electric by 135.9% during the 1st quarter. Prudential Financial Inc. now owns 2,963,124 shares of the industrial products company’s stock worth $177,372,000 after acquiring an additional 1,706,810 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Emerson Electric by 217.1% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company’s stock worth $145,480,000 after acquiring an additional 1,684,786 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Emerson Electric by 19.4% during the 1st quarter. American Century Companies Inc. now owns 4,338,862 shares of the industrial products company’s stock worth $259,724,000 after acquiring an additional 705,924 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Emerson Electric by 3,745.5% during the 1st quarter. Bank of Nova Scotia now owns 561,400 shares of the industrial products company’s stock worth $33,771,000 after acquiring an additional 546,801 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/10/keystone-financial-planning-inc-acquires-1659-shares-of-emerson-electric-company-emr.html.

Several research firms have recently issued reports on EMR. Citigroup Inc. reissued a “sell” rating and set a $61.00 target price (up from $58.00) on shares of Emerson Electric in a research note on Monday. Morgan Stanley reissued an “equal weight” rating and set a $67.00 target price (up from $64.00) on shares of Emerson Electric in a research note on Monday, October 2nd. JMP Securities began coverage on shares of Emerson Electric in a research note on Monday, June 19th. They set an “outperform” rating and a $70.00 target price on the stock. BidaskClub raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $62.00 target price (up from $61.00) on shares of Emerson Electric in a research note on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and a consensus price target of $60.71.

Emerson Electric Company (EMR) opened at 63.82 on Tuesday. The firm has a market cap of $40.85 billion, a P/E ratio of 28.48 and a beta of 1.21. Emerson Electric Company has a 52-week low of $49.22 and a 52-week high of $64.36. The company’s 50 day moving average is $61.33 and its 200 day moving average is $59.95.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.99 billion. Emerson Electric had a net margin of 8.89% and a return on equity of 22.32%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Equities research analysts forecast that Emerson Electric Company will post $2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 11th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Wednesday, August 9th. Emerson Electric’s dividend payout ratio is currently 85.33%.

In related news, insider Robert T. Sharp sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $58.99, for a total transaction of $117,980.00. Following the sale, the insider now owns 64,290 shares of the company’s stock, valued at $3,792,467.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by insiders.

About Emerson Electric

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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