Wheelhouse Advisory Group LLC Takes $1.39 Million Position in Emerson Electric Co. (NYSE:EMR)

Wheelhouse Advisory Group LLC acquired a new position in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,289 shares of the industrial products company’s stock, valued at approximately $1,391,000. Emerson Electric makes up 1.3% of Wheelhouse Advisory Group LLC’s holdings, making the stock its 14th largest holding.

Several other large investors also recently added to or reduced their stakes in the business. PFG Advisors grew its stake in shares of Emerson Electric by 4.5% during the 4th quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 108 shares during the period. Accel Wealth Management boosted its position in shares of Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 114 shares during the period. Silverlake Wealth Management LLC increased its stake in shares of Emerson Electric by 2.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 115 shares in the last quarter. Cooper Financial Group raised its position in shares of Emerson Electric by 2.4% during the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after purchasing an additional 120 shares during the period. Finally, Studio Investment Management LLC lifted its stake in shares of Emerson Electric by 2.3% during the 4th quarter. Studio Investment Management LLC now owns 5,363 shares of the industrial products company’s stock valued at $515,000 after buying an additional 121 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Trading Down 0.4 %

Shares of NYSE:EMR traded down $0.49 during trading on Friday, reaching $108.82. The company’s stock had a trading volume of 770,058 shares, compared to its average volume of 2,632,940. The firm’s 50 day simple moving average is $109.87 and its two-hundred day simple moving average is $98.69. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The stock has a market capitalization of $62.11 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.37.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts predict that Emerson Electric Co. will post 5.4 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Thursday, February 15th. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now directly owns 9,591 shares of the company’s stock, valued at approximately $989,599.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group raised their price target on Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Barclays lifted their target price on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Berenberg Bank upped their price target on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Mizuho lifted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Citigroup upped their target price on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $116.25.

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.