Sigma Planning Corp Acquires 1,709 Shares of Emerson Electric Company (EMR)

Sigma Planning Corp raised its holdings in Emerson Electric Company (NYSE:EMR) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,792 shares of the industrial products company’s stock after purchasing an additional 1,709 shares during the quarter. Sigma Planning Corp’s holdings in Emerson Electric were worth $1,101,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors acquired a new position in shares of Emerson Electric during the second quarter worth about $177,119,000. Longview Partners Guernsey LTD increased its stake in shares of Emerson Electric by 9.0% during the third quarter. Longview Partners Guernsey LTD now owns 13,758,325 shares of the industrial products company’s stock worth $864,573,000 after acquiring an additional 1,134,275 shares during the period. American Century Companies Inc. increased its stake in shares of Emerson Electric by 18.5% during the fourth quarter. American Century Companies Inc. now owns 5,525,308 shares of the industrial products company’s stock worth $385,059,000 after acquiring an additional 861,558 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Emerson Electric during the third quarter worth about $49,644,000. Finally, BlackRock Inc. increased its stake in shares of Emerson Electric by 1.9% during the second quarter. BlackRock Inc. now owns 40,954,867 shares of the industrial products company’s stock worth $2,441,728,000 after acquiring an additional 778,791 shares during the period. Institutional investors own 69.44% of the company’s stock.

In other Emerson Electric news, VP Bell Katherine Button sold 7,518 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $66.36, for a total value of $498,894.48. Following the sale, the vice president now owns 36,877 shares of the company’s stock, valued at $2,447,157.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the sale, the chief operating officer now directly owns 168,984 shares in the company, valued at approximately $11,109,008.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,017 shares of company stock worth $1,771,129. 0.84% of the stock is owned by insiders.

A number of research analysts have recently issued reports on EMR shares. Edward Jones lowered shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Wells Fargo & Co reiterated a “market perform” rating and set a $65.00 price target (up from $60.00) on shares of Emerson Electric in a research note on Wednesday, November 8th. Bank of America upgraded shares of Emerson Electric from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $64.44 to $79.00 in a research note on Tuesday, October 17th. Cowen reiterated a “buy” rating and set a $72.00 price target on shares of Emerson Electric in a research note on Wednesday, December 20th. Finally, Citigroup set a $61.00 price target on shares of Emerson Electric and gave the stock a “sell” rating in a research note on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.65.

Shares of Emerson Electric Company (EMR) opened at $71.00 on Wednesday. The company has a market cap of $45,170.00, a PE ratio of 27.07, a P/E/G ratio of 2.42 and a beta of 1.19. Emerson Electric Company has a fifty-two week low of $56.77 and a fifty-two week high of $74.45. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. analysts forecast that Emerson Electric Company will post 3.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 74.62%.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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