Goldstone Financial Group LLC Has $516,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Goldstone Financial Group LLC increased its position in Emerson Electric Co. (NYSE:EMR) by 15.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,162 shares of the industrial products company’s stock after buying an additional 564 shares during the period. Goldstone Financial Group LLC’s holdings in Emerson Electric were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of EMR. Decker Retirement Planning Inc. bought a new stake in Emerson Electric during the 4th quarter valued at approximately $82,000. Occidental Asset Management LLC boosted its position in shares of Emerson Electric by 7.0% in the fourth quarter. Occidental Asset Management LLC now owns 35,515 shares of the industrial products company’s stock valued at $4,401,000 after acquiring an additional 2,310 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth $1,793,000. Carnegie Investment Counsel raised its stake in Emerson Electric by 4.1% during the 4th quarter. Carnegie Investment Counsel now owns 96,394 shares of the industrial products company’s stock valued at $11,946,000 after purchasing an additional 3,812 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its holdings in Emerson Electric by 5.2% in the 4th quarter. Heritage Family Offices LLP now owns 14,295 shares of the industrial products company’s stock valued at $1,772,000 after purchasing an additional 709 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Emerson Electric stock opened at $123.32 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $70.23 billion, a PE ratio of 36.06, a PEG ratio of 1.98 and a beta of 1.35. The company’s 50-day moving average is $127.18 and its two-hundred day moving average is $115.05. Emerson Electric Co. has a 1 year low of $91.64 and a 1 year high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s payout ratio is currently 61.70%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Oppenheimer increased their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $135.89.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

About Emerson Electric

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.