Emerson Electric Co. (NYSE:EMR) Shares Sold by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,923 shares of the industrial products company's stock after selling 27,186 shares during the quarter. Pinnbrook Capital Management LP's holdings in Emerson Electric were worth $3,010,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EMR. Tobam lifted its holdings in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 273 shares during the period. Cape Investment Advisory Inc. increased its position in shares of Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company's stock valued at $31,000 after buying an additional 188 shares in the last quarter. Burkett Financial Services LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at $32,000. Resurgent Financial Advisors LLC purchased a new position in shares of Emerson Electric in the fourth quarter valued at $32,000. Finally, Certified Advisory Corp purchased a new position in shares of Emerson Electric in the first quarter valued at $34,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company's stock, valued at approximately $989,599.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EMR shares. Bank of America raised their price target on Emerson Electric from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, March 4th. Royal Bank of Canada lifted their price objective on Emerson Electric from $106.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Mizuho lifted their price objective on Emerson Electric from $118.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. KeyCorp lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Finally, Citigroup lifted their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a research report on Monday. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $114.89.

Emerson Electric Trading Up 0.1 %

Shares of NYSE EMR traded up $0.14 during midday trading on Monday, hitting $114.68. The stock had a trading volume of 1,775,596 shares, compared to its average volume of 2,743,267. The company has a market capitalization of $65.46 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 1.98 and a beta of 1.37. Emerson Electric Co. has a 1-year low of $76.94 and a 1-year high of $114.97. The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $107.30 and a 200 day moving average price of $97.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.18. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company's revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric's dividend payout ratio (DPR) is presently 10.94%.

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.

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