Flywheel Private Wealth LLC Has $516,000 Stock Position in Emerson Electric Co. $EMR

Flywheel Private Wealth LLC decreased its position in shares of Emerson Electric Co. (NYSE:EMR) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,872 shares of the industrial products company’s stock after selling 180 shares during the period. Flywheel Private Wealth LLC’s holdings in Emerson Electric were worth $516,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank acquired a new stake in shares of Emerson Electric in the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric in the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric in the first quarter worth about $28,000. Fourth Dimension Wealth LLC lifted its position in shares of Emerson Electric by 145.3% in the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company’s stock worth $29,000 after buying an additional 154 shares during the last quarter. Finally, PFS Partners LLC lifted its position in shares of Emerson Electric by 65.9% in the second quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock worth $36,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Down 1.1%

Shares of EMR opened at $128.70 on Friday. The company has a market capitalization of $72.43 billion, a P/E ratio of 27.68, a PEG ratio of 2.44 and a beta of 1.30. 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 one year low of $90.06 and a one year high of $150.27. The business’s 50 day simple moving average is $135.56 and its 200-day simple moving average is $123.94.

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

Emerson Electric Announces Dividend

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

Wall Street Analyst Weigh In

EMR has been the subject of several research analyst reports. Barclays raised Emerson Electric from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Bank of America boosted their price objective on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, July 8th. Daiwa Capital Markets boosted their price target on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup boosted their price target on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $143.76.

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.