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

Pinnacle Wealth Management Advisory Group LLC reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,589 shares of the industrial products company’s stock after selling 125 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Emerson Electric were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kavar Capital Partners Group LLC boosted its position in shares of Emerson Electric by 0.3% in the 2nd quarter. Kavar Capital Partners Group LLC now owns 32,714 shares of the industrial products company’s stock valued at $3,148,000 after purchasing an additional 100 shares during the period. SignalPoint Asset Management LLC boosted its position in shares of Emerson Electric by 1.7% in the 2nd quarter. SignalPoint Asset Management LLC now owns 6,060 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 100 shares during the period. Murphy Middleton Hinkle & Parker Inc. boosted its position in Emerson Electric by 0.7% during the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 15,962 shares of the industrial products company’s stock worth $1,536,000 after acquiring an additional 104 shares during the period. Accel Wealth Management boosted its position in Emerson Electric by 3.5% during the 1st quarter. Accel Wealth Management now owns 3,139 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 105 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its position in Emerson Electric by 1.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,236 shares of the industrial products company’s stock worth $613,000 after acquiring an additional 105 shares during the period. Institutional investors own 72.67% of the company’s stock.

In other Emerson Electric news, VP Bell Katherine Button sold 12,850 shares of the stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $101.21, for a total value of $1,300,548.50. Following the completion of the sale, the vice president now directly owns 27,659 shares in the company, valued at $2,799,367.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

A number of research analysts recently weighed in on EMR shares. Barclays raised their price objective on Emerson Electric from $91.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, July 8th. Cowen reissued a “buy” rating on shares of Emerson Electric in a report on Tuesday, August 31st. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Thursday, August 12th. Credit Suisse Group lifted their price objective on Emerson Electric from $103.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, August 5th. Finally, Morgan Stanley boosted their price target on Emerson Electric from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Thursday, August 5th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $99.95.

EMR stock opened at $97.65 on Wednesday. The company has a market cap of $58.38 billion, a P/E ratio of 24.97, a PEG ratio of 2.42 and a beta of 1.54. Emerson Electric Co. has a twelve month low of $63.16 and a twelve month high of $105.99. The company has a quick ratio of 1.00, a current ratio of 1.31 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $100.94 and a 200-day moving average of $95.86.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 4th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. The business had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.58 billion. Emerson Electric had a return on equity of 26.77% and a net margin of 13.20%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, equities research analysts anticipate that Emerson Electric Co. will post 4.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were issued a $0.505 dividend. The ex-dividend date was Thursday, August 12th. This represents a $2.02 dividend on an annualized basis and a yield of 2.07%. Emerson Electric’s dividend payout ratio is presently 58.38%.

About Emerson Electric

Emerson Electric Co is a global technology and engineering company, which provides innovative solutions for customers in industrial, commercial and residential markets. It operates through the following business segments: Automation Solutions; Climate Technologies; and Tools and Home Products. The Automation Solutions segment offers products, integrated solutions, software and services which enable process, hybrid and discrete manufacturers to maximize production, protect personnel and the environment, reduce project costs, and optimize their energy efficiency and operating costs.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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