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

Pinnacle Wealth Management Advisory Group LLC decreased its stake in Emerson Electric Co. (NYSE:EMR) by 2.3% in the 4th quarter, HoldingsChannel reports. The institutional investor 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 quarter.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EMR shares. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Daiwa Capital Markets began coverage on Emerson Electric in a research report on Tuesday, January 28th. They set an “outperform” rating and a $147.00 target price on the stock. Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Down 1.6 %

EMR opened at $123.30 on Monday. The firm’s fifty day moving average is $125.73 and its 200 day moving average is $117.11. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The stock has a market cap of $70.22 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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