Sentinus LLC Lowers Stock Position in Emerson Electric Co. (NYSE:EMR)

Sentinus LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR) by 7.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,620 shares of the industrial products company’s stock after selling 308 shares during the quarter. Sentinus LLC’s holdings in Emerson Electric were worth $449,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Stephens Consulting LLC purchased a new stake in Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in Emerson Electric during the 4th quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric during the 4th quarter worth $28,000. YANKCOM Partnership purchased a new stake in Emerson Electric during the 4th quarter worth $30,000. Finally, Fiduciary Advisors Inc. purchased a new stake in Emerson Electric during the 4th quarter worth $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.50% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $120.58 on Friday. The firm has a market cap of $67.83 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26. The firm’s 50-day simple moving average is $107.40 and its 200-day simple moving average is $118.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business posted $1.36 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th 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 1.75%. The ex-dividend date is Friday, May 16th. Emerson Electric’s dividend payout ratio is presently 50.48%.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of research reports. KeyCorp decreased their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Citigroup boosted their price objective on shares of Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on shares of Emerson Electric from $110.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Royal Bank of Canada boosted their price objective on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.24.

Emerson Electric Company 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.