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

Sigma Planning Corp cut its stake in Emerson Electric Co. (NYSE:EMR) by 17.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,850 shares of the industrial products company’s stock after selling 1,709 shares during the quarter. Sigma Planning Corp’s holdings in Emerson Electric were worth $859,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EMR. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the third quarter worth approximately $33,000. Finally, Versant Capital Management Inc increased its position in shares of Emerson Electric by 471.9% during the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 269 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $130.16 on Thursday. Emerson Electric Co. has a 52 week low of $87.17 and a 52 week high of $131.56. The business’s fifty day simple moving average is $109.40 and its 200-day simple moving average is $109.56. The firm has a market cap of $74.54 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.40%.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group assumed coverage on Emerson Electric in a research report on Wednesday. They set a “neutral” rating and a $135.00 price target for the company. BNP Paribas assumed coverage on Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $155.00 price target for the company. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

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.