Pinnacle Wealth Management Advisory Group LLC Has $918,000 Stock Holdings in Emerson Electric Co. (NYSE:EMR)

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 filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Waverly Advisors LLC raised its position in shares of Emerson Electric by 100.2% during the third quarter. Waverly Advisors LLC now owns 15,117 shares of the industrial products company’s stock worth $1,460,000 after purchasing an additional 7,565 shares during the period. Blackston Financial Advisory Group LLC bought a new position in shares of Emerson Electric in the fourth quarter valued at $241,000. FMR LLC increased its position in shares of Emerson Electric by 1.3% during the third quarter. FMR LLC now owns 3,233,697 shares of the industrial products company’s stock worth $312,278,000 after acquiring an additional 41,263 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth about $320,000. Finally, Capital Advisors Inc. OK boosted its stake in Emerson Electric by 821.0% during the 4th quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EMR. Royal Bank of Canada lifted their target price on Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Mizuho increased their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Bank of America boosted their price target 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 lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Berenberg Bank increased their price target on Emerson Electric from $100.00 to $130.00 and gave the company 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.07.

Insider Buying and Selling at Emerson Electric

In other news, Director Mark A. Blinn sold 2,413 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR traded up $5.25 during trading on Wednesday, hitting $112.65. 6,046,909 shares of the company’s stock traded hands, compared to its average volume of 2,820,472. The business has a 50 day moving average of $110.61 and a 200-day moving average of $99.95. Emerson Electric Co. has a 12-month low of $76.94 and a 12-month high of $115.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 1.12. The stock has a market capitalization of $64.30 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 1.84 and a beta of 1.36.

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

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.86%. Emerson Electric’s dividend payout ratio (DPR) is 10.94%.

About Emerson Electric

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.