Pinnacle Wealth Management Advisory Group LLC Sells 214 Shares of Emerson Electric Co. (NYSE:EMR)

Pinnacle Wealth Management Advisory Group LLC cut its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,210 shares of the industrial products company’s stock after selling 214 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Emerson Electric were worth $1,141,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EMR. Capital Performance Advisors LLP acquired a new stake in shares of Emerson Electric during the 3rd quarter valued at about $25,000. Stephens Consulting LLC acquired a new stake in Emerson Electric during the fourth quarter valued at approximately $25,000. Sugar Maple Asset Management LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the third quarter valued at $29,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric during the fourth quarter worth $30,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EMR. KeyCorp upped their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company increased their price target on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. BNP Paribas assumed coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective on the stock. UBS Group began coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target on the stock. Finally, Morgan Stanley raised their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

EMR opened at $123.30 on Monday. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The business’s 50-day moving average price is $125.73 and its two-hundred day moving average price is $117.11. The company has a market capitalization of $70.22 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Equities analysts expect that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.