Creative Financial Designs Inc. ADV Sells 1,329 Shares of Emerson Electric Co. (NYSE:EMR)

Creative Financial Designs Inc. ADV lowered its position in shares of Emerson Electric Co. (NYSE:EMR) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,099 shares of the industrial products company’s stock after selling 1,329 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Emerson Electric were worth $2,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SlateStone Wealth LLC grew its position in shares of Emerson Electric by 2.4% during the 4th quarter. SlateStone Wealth LLC now owns 11,210 shares of the industrial products company’s stock valued at $1,389,000 after acquiring an additional 265 shares during the period. GWN Securities Inc. bought a new stake in shares of Emerson Electric during the 4th quarter valued at $470,000. Glenview Trust co grew its position in shares of Emerson Electric by 1.2% during the 4th quarter. Glenview Trust co now owns 219,983 shares of the industrial products company’s stock valued at $27,262,000 after acquiring an additional 2,516 shares during the period. Sovereign Investment Advisors LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $363,000. Finally, Corient Private Wealth LLC grew its position in shares of Emerson Electric by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 963,780 shares of the industrial products company’s stock valued at $119,441,000 after acquiring an additional 5,224 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of recent research reports. Loop Capital boosted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Jefferies Financial Group started coverage on shares of Emerson Electric in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric Price Performance

NYSE EMR opened at $113.58 on Tuesday. The company has a market cap of $64.05 billion, a PE ratio of 27.11, a P/E/G ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. 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 firm’s 50 day moving average price is $122.21 and its 200-day moving average price is $119.03.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is 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.