Creative Financial Designs Inc. ADV Reduces Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Creative Financial Designs Inc. ADV lowered its position in Emerson Electric Co. (NYSE:EMR) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,099 shares of the industrial products company’s stock after selling 1,329 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Emerson Electric were worth $2,119,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Stephens Consulting LLC purchased a new position in shares of Emerson Electric during the fourth quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new stake in Emerson Electric in the fourth quarter valued at $27,000. YANKCOM Partnership acquired a new position in shares of Emerson Electric during the 4th quarter worth $30,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter worth $29,000. Finally, Fiduciary Advisors Inc. acquired a new position in shares of Emerson Electric during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR stock opened at $113.58 on Tuesday. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The firm has a market cap of $64.05 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36. The stock has a 50-day moving average price of $122.21 and a 200-day moving average price of $119.03. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last released 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%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analyst Ratings Changes

EMR has been the subject of several recent analyst reports. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays lowered Emerson Electric from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $135.00 to $110.00 in a research report on Monday, March 10th. Jefferies Financial Group started coverage on Emerson Electric in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $136.22.

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.