Sigma Planning Corp Sells 5,072 Shares of Emerson Electric Co. (NYSE:EMR)

Sigma Planning Corp decreased its stake in Emerson Electric Co. (NYSE:EMR) by 47.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,663 shares of the industrial products company’s stock after selling 5,072 shares during the period. Sigma Planning Corp’s holdings in Emerson Electric were worth $551,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. PFG Advisors lifted its position in shares of Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock worth $243,000 after acquiring an additional 108 shares in the last quarter. Accel Wealth Management lifted its position in shares of Emerson Electric by 3.6% during the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after acquiring an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC lifted its position in shares of Emerson Electric by 5.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 114 shares in the last quarter. Silverlake Wealth Management LLC lifted its position in shares of Emerson Electric by 2.8% during the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 115 shares in the last quarter. Finally, Cooper Financial Group lifted its position in shares of Emerson Electric by 2.4% during the fourth quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock worth $488,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.0 %

Shares of NYSE:EMR opened at $109.57 on Friday. The stock’s 50-day moving average price is $110.31 and its 200-day moving average price is $99.19. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The stock has a market capitalization of $62.54 billion, a P/E ratio of 5.71, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. Emerson Electric’s dividend payout ratio (DPR) is currently 10.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EMR shares. Royal Bank of Canada increased their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Bank of America increased their price objective on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. UBS Group increased their price objective on Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. KeyCorp increased their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Barclays increased their price objective on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $116.25.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.25% of the company’s stock.

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.