Wheelhouse Advisory Group LLC Has $1.30 Million Position in Emerson Electric Co. $EMR

Wheelhouse Advisory Group LLC lowered its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 9,735 shares of the industrial products company’s stock after selling 87 shares during the quarter. Emerson Electric comprises about 0.7% of Wheelhouse Advisory Group LLC’s investment portfolio, making the stock its 17th biggest position. Wheelhouse Advisory Group LLC’s holdings in Emerson Electric were worth $1,298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $28,000. Fourth Dimension Wealth LLC boosted its stake in shares of Emerson Electric by 145.3% in the 1st quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of Emerson Electric in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EMR. KeyCorp upped their price target on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Citigroup upped their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research report on Saturday, September 27th. Finally, Bank of America upped their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average price target of $144.29.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $131.40 on Wednesday. The company has a market capitalization of $73.95 billion, a price-to-earnings ratio of 28.26, a P/E/G ratio of 2.34 and a beta of 1.29. The firm’s 50 day simple moving average is $133.51 and its 200 day simple moving average is $124.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. As a group, sell-side analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric’s dividend payout ratio (DPR) is currently 45.38%.

About Emerson Electric

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.