14,289 Shares in Emerson Electric Co. (NYSE:EMR) Bought by Wheelhouse Advisory Group LLC

Wheelhouse Advisory Group LLC acquired a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, HoldingsChannel reports. The firm acquired 14,289 shares of the industrial products company’s stock, valued at approximately $1,391,000. Emerson Electric accounts for 1.3% of Wheelhouse Advisory Group LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Moneta Group Investment Advisors LLC increased its stake in Emerson Electric by 105,280.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 54,417,593 shares of the industrial products company’s stock valued at $5,227,354,000 after buying an additional 54,365,954 shares during the period. Morgan Stanley increased its stake in shares of Emerson Electric by 7.9% during the third quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after acquiring an additional 1,008,294 shares during the period. Invesco Ltd. raised its holdings in Emerson Electric by 16.9% during the third quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock worth $791,858,000 after purchasing an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB lifted its position in Emerson Electric by 26.5% in the fourth quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock valued at $723,873,000 after purchasing an additional 1,558,903 shares during the period. Finally, Norges Bank purchased a new stake in Emerson Electric in the 4th quarter valued at approximately $702,606,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $0.49 on Friday, hitting $108.82. The company had a trading volume of 770,058 shares, compared to its average volume of 2,632,940. The company has a market cap of $62.11 billion, a PE ratio of 5.69, a PEG ratio of 1.90 and a beta of 1.37. The business has a 50 day moving average of $109.87 and a 200 day moving average of $98.69. Emerson Electric Co. has a 52-week low of $76.94 and a 52-week high of $115.26. 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 (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.18. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 16th were issued a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.10 annualized dividend and a yield of 1.93%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EMR shares. Barclays raised their price target on Emerson Electric from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group boosted their target price on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. KeyCorp increased their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Mizuho boosted their price objective on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada upped their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.