Emerson Electric Co. (NYSE:EMR) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its position in Emerson Electric Co. (NYSE:EMR) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,002 shares of the industrial products company’s stock after selling 323 shares during the quarter. Sentry Investment Management LLC’s holdings in Emerson Electric were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tobam increased its holdings in Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Emerson Electric during the 4th quarter valued at about $32,000. Certified Advisory Corp acquired a new position in Emerson Electric during the 1st quarter worth approximately $34,000. Tennessee Valley Asset Management Partners acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $35,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.1 %

Shares of NYSE:EMR opened at $111.60 on Tuesday. The firm has a market cap of $63.70 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 1.95 and a beta of 1.37. The company’s fifty day simple moving average is $109.27 and its 200 day simple moving average is $98.43. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, research analysts forecast that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.88%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analysts Set New Price Targets

Several research firms have recently commented on EMR. Berenberg Bank increased their target price on Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a report on Monday, April 8th. UBS Group raised their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Bank of America raised their target price on Emerson Electric from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, KeyCorp boosted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Emerson Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.47.

Insider Transactions at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

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.