Emerson Electric Co. (NYSE:EMR) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its position in Emerson Electric Co. (NYSE:EMR) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,538 shares of the industrial products company’s stock after selling 312 shares during the period. Sigma Planning Corp’s holdings in Emerson Electric were worth $934,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EMR. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the 3rd quarter valued at $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the fourth quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter valued at about $27,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the 3rd quarter valued at about $29,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter valued at about $30,000. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Trading Down 0.8 %

Emerson Electric stock opened at $119.68 on Wednesday. The company has a 50 day moving average price of $124.72 and a 200 day moving average price of $117.93. 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 52 week low of $96.62 and a 52 week high of $134.85. The firm has a market capitalization of $67.49 billion, a price-to-earnings ratio of 28.56, a P/E/G ratio of 2.49 and a beta of 1.34.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.