Sigma Planning Corp Cuts Holdings in Emerson Electric Co. $EMR

Sigma Planning Corp decreased its position in Emerson Electric Co. (NYSE:EMR) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,216 shares of the industrial products company’s stock after selling 478 shares during the period. Sigma Planning Corp’s holdings in Emerson Electric were worth $962,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wakefield Asset Management LLLP bought a new stake in Emerson Electric during the second quarter worth $412,000. Carson Advisory Inc. bought a new stake in shares of Emerson Electric during the 2nd quarter worth $223,000. iA Global Asset Management Inc. boosted its holdings in shares of Emerson Electric by 6.8% in the 2nd quarter. iA Global Asset Management Inc. now owns 4,551 shares of the industrial products company’s stock worth $607,000 after buying an additional 288 shares during the last quarter. Tredje AP fonden grew its position in Emerson Electric by 124.0% during the second quarter. Tredje AP fonden now owns 483,816 shares of the industrial products company’s stock valued at $64,507,000 after buying an additional 267,806 shares during the period. Finally, Mission Wealth Management LP increased its holdings in Emerson Electric by 8.4% during the second quarter. Mission Wealth Management LP now owns 2,277 shares of the industrial products company’s stock worth $304,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $131.58 on Friday. The company has a 50 day moving average of $132.42 and a 200 day moving average of $129.33. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market cap of $74.05 billion, a P/E ratio of 28.30, a P/E/G ratio of 2.36 and a beta of 1.30. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27.

Emerson Electric (NYSE:EMR) last posted its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 5th that allows the company to buyback $0.00 in shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $0.555 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.22 dividend on an annualized basis and a yield of 1.7%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is currently 45.38%.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of recent research reports. Daiwa Capital Markets upped their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Wednesday, October 8th. Jefferies Financial Group lowered their price target on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Barclays upped their price target on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Royal Bank Of Canada reduced their price objective on shares of Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $148.61.

Emerson Electric 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.