Emerson Electric Co. (NYSE:EMR) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. trimmed its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 53.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,761 shares of the industrial products company's stock after selling 3,120 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Emerson Electric were worth $342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stephens Consulting LLC acquired a new stake in Emerson Electric during the fourth quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Vega Investment Solutions purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Emerson Electric in the 4th quarter valued at $28,000. Finally, YANKCOM Partnership purchased a new stake in Emerson Electric during the fourth quarter worth $30,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $0.65 during trading on Friday, reaching $119.27. The stock had a trading volume of 4,057,167 shares, compared to its average volume of 2,933,119. The business has a fifty day moving average price of $108.56 and a 200-day moving average price of $118.89. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The stock has a market cap of $67.09 billion, a PE ratio of 28.47, a PEG ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 EPS. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a yield of 1.77%. Emerson Electric's payout ratio is 50.48%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup lifted their price objective on shares of Emerson Electric from $119.00 to $127.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Royal Bank of Canada lifted their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wells Fargo & Company increased their price target on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $133.53.

Insiders Place Their Bets

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Company 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.