Pinnacle Financial Partners Inc Buys 91 Shares of Emerson Electric Co. (NYSE:EMR)

Pinnacle Financial Partners Inc grew its holdings in Emerson Electric Co. (NYSE:EMR) by 0.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 293,041 shares of the industrial products company’s stock after buying an additional 91 shares during the quarter. Emerson Electric makes up approximately 0.7% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 24th largest holding. Pinnacle Financial Partners Inc’s holdings in Emerson Electric were worth $36,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EMR. Stephens Consulting LLC bought a new stake in Emerson Electric during the 4th quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the 4th quarter valued at $27,000. Capital Performance Advisors LLP bought a new stake in Emerson Electric during the 3rd quarter valued at $25,000. YANKCOM Partnership bought a new position in Emerson Electric in the 4th quarter worth $30,000. Finally, Darwin Wealth Management LLC purchased a new position in Emerson Electric during the 3rd quarter valued at about $29,000. Institutional investors own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of several recent analyst reports. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. Loop Capital boosted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Morgan Stanley boosted their target price 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. BNP Paribas began coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price target on the stock. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Trading Down 2.3 %

Shares of Emerson Electric stock opened at $121.88 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market cap of $68.73 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. The business has a fifty day simple moving average of $125.08 and a 200-day simple moving average of $117.51. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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, equities analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s payout ratio is currently 50.36%.

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.