Pittenger & Anderson Inc. Buys 95 Shares of Emerson Electric Co. (NYSE:EMR)

Pittenger & Anderson Inc. lifted its stake in Emerson Electric Co. (NYSE:EMR) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,035 shares of the industrial products company’s stock after acquiring an additional 95 shares during the period. Pittenger & Anderson Inc.’s holdings in Emerson Electric were worth $4,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Highview Capital Management LLC DE bought a new position in shares of Emerson Electric in the 4th quarter valued at approximately $775,000. Catalyst Capital Advisors LLC grew its holdings in Emerson Electric by 83.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 726 shares of the industrial products company’s stock valued at $90,000 after buying an additional 330 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in Emerson Electric by 4.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 2,473 shares of the industrial products company’s stock valued at $306,000 after buying an additional 109 shares during the last quarter. Monument Capital Management acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $218,000. Finally, MN Wealth Advisors LLC acquired a new stake in Emerson Electric in the 4th quarter valued at approximately $216,000. 74.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird raised their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Daiwa Capital Markets started coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 target price on the stock. UBS Group started coverage on Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $138.00 price objective on shares of Emerson Electric in a report on Thursday, February 6th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Trading Down 1.6 %

Shares of EMR opened at $123.30 on Monday. The stock has a fifty day moving average price of $125.73 and a two-hundred day moving average price of $117.11. 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 Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 2.16 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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%. Analysts predict that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. 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.