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

Sigma Planning Corp trimmed its holdings in Emerson Electric Co. (NYSE:EMR) by 47.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Tobam lifted its position in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $35,000. Morton Brown Family Wealth LLC purchased a new position in shares of Emerson Electric during the fourth quarter valued at about $39,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $42,000. Finally, Rational Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $42,000. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.0 %

Shares of NYSE:EMR opened at $109.57 on Friday. Emerson Electric Co. has a 1 year low of $76.94 and a 1 year high of $115.26. The business has a 50 day simple moving average of $110.31 and a two-hundred day simple moving average of $99.19. The firm has a market capitalization of $62.54 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business 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 predict that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

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

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now 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 is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup raised their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Bank of America raised their price objective on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Mizuho raised their price objective on Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. KeyCorp raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada lifted their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.25.

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.