Flywheel Private Wealth LLC Acquires Shares of 4,052 Emerson Electric Co. (NYSE:EMR)

Flywheel Private Wealth LLC bought a new position in shares of Emerson Electric Co. (NYSE:EMR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,052 shares of the industrial products company’s stock, valued at approximately $502,000.

Several other hedge funds have also bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Emerson Electric in the 3rd quarter worth about $29,000. Morton Brown Family Wealth LLC bought a new position in Emerson Electric in the 3rd quarter valued at about $33,000. Frazier Financial Advisors LLC bought a new stake in Emerson Electric during the 3rd quarter worth approximately $33,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Emerson Electric in the third quarter worth approximately $43,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on EMR. Oppenheimer upped their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. KeyCorp raised their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Barclays increased their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average target price of $135.89.

Insider Buying and Selling

In related news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Up 0.8 %

EMR opened at $120.75 on Thursday. The company has a 50 day moving average of $127.30 and a 200 day moving average of $115.01. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12 month low of $91.64 and a 12 month high of $134.85. The company has a market cap of $68.77 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is presently 61.70%.

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.