Emerson Electric Co. (NYSE:EMR) Holdings Lowered by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC lessened its stake in shares of Emerson Electric Co. (NYSE:EMR) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,429 shares of the industrial products company’s stock after selling 608 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Emerson Electric were worth $918,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tobam grew its holdings in Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 273 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Emerson Electric in the 4th quarter worth approximately $35,000. Morton Brown Family Wealth LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $39,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Emerson Electric in the fourth quarter worth approximately $39,000. Finally, MCF Advisors LLC increased its holdings in shares of Emerson Electric by 1,484.6% in the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after buying an additional 386 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 9,591 shares of the company’s stock, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Emerson Electric Stock Up 4.9 %

Shares of NYSE:EMR traded up $5.25 on Wednesday, reaching $112.65. The company had a trading volume of 6,046,909 shares, compared to its average volume of 2,820,472. The stock has a 50-day moving average price of $110.61 and a 200 day moving average price of $99.95. 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 Co. has a twelve month low of $76.94 and a twelve month high of $115.26. The stock has a market capitalization of $64.30 billion, a P/E ratio of 5.87, a P/E/G ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts expect that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.86%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EMR. Citigroup boosted their target price on Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Bank of America raised their target price on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. KeyCorp upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Barclays lifted their price objective on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, Berenberg Bank raised their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and an average price target of $118.07.

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.