Sentry Investment Management LLC Boosts Stake in Emerson Electric Company (EMR)

Sentry Investment Management LLC grew its holdings in Emerson Electric Company (NYSE:EMR) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 51,886 shares of the industrial products company’s stock after purchasing an additional 3,387 shares during the quarter. Sentry Investment Management LLC’s holdings in Emerson Electric were worth $3,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital One National Association boosted its position in shares of Emerson Electric by 18.4% in the fourth quarter. Capital One National Association now owns 27,195 shares of the industrial products company’s stock valued at $1,896,000 after acquiring an additional 4,234 shares during the period. Krueger & Catalano Capital Partners LLC bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $704,000. Boston Common Asset Management LLC boosted its position in shares of Emerson Electric by 13.0% in the fourth quarter. Boston Common Asset Management LLC now owns 40,270 shares of the industrial products company’s stock valued at $2,806,000 after acquiring an additional 4,640 shares during the period. AGF Investments Inc. bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $16,593,000. Finally, Doyle Wealth Management bought a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $229,000. 69.44% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on EMR shares. Cowen reissued a “buy” rating and issued a $72.00 price objective on shares of Emerson Electric in a research report on Wednesday, December 6th. Stifel Nicolaus reissued a “buy” rating and issued a $72.00 price objective (up from $68.00) on shares of Emerson Electric in a research report on Thursday, November 9th. Vertical Research raised Emerson Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. UBS Group started coverage on Emerson Electric in a research report on Monday, January 22nd. They issued a “buy” rating and a $73.26 price objective for the company. Finally, Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $68.93.

In other Emerson Electric news, COO Edgar M. Purvis, Jr. sold 9,490 shares of Emerson Electric stock in a transaction on Friday, December 8th. The stock was sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the transaction, the chief operating officer now directly owns 168,984 shares of the company’s stock, valued at $11,109,008.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of Emerson Electric stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,017 shares of company stock valued at $1,771,129. Company insiders own 0.79% of the company’s stock.

Emerson Electric Company (NYSE EMR) opened at $71.31 on Thursday. The company has a market capitalization of $44,679.87, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.20 and a beta of 1.19. Emerson Electric Company has a 12-month low of $56.77 and a 12-month high of $74.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.02.

Emerson Electric (NYSE:EMR) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a return on equity of 20.73% and a net margin of 10.09%. Emerson Electric’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business earned $0.49 earnings per share. analysts predict 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. Shareholders of record on Friday, February 16th will be issued a dividend of $0.485 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.72%. Emerson Electric’s payout ratio is presently 78.23%.

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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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