Flywheel Private Wealth LLC Invests $502,000 in Emerson Electric Co. (NYSE:EMR)

Flywheel Private Wealth LLC purchased a new stake in Emerson Electric Co. (NYSE:EMR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,052 shares of the industrial products company's stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Covea Finance acquired a new position in Emerson Electric during the fourth quarter worth $28,256,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Emerson Electric by 64.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 22,861 shares of the industrial products company's stock valued at $2,833,000 after purchasing an additional 8,925 shares during the period. Kathmere Capital Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $498,000. Fifth Third Wealth Advisors LLC grew its position in shares of Emerson Electric by 2.6% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,711 shares of the industrial products company's stock valued at $1,451,000 after purchasing an additional 299 shares during the period. Finally, Pines Wealth Management LLC purchased a new stake in Emerson Electric during the fourth quarter valued at about $204,000. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EMR. Loop Capital boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Barclays boosted their price objective on Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Jefferies Financial Group began coverage on Emerson Electric in a research note on Thursday, December 12th. They set a "buy" rating and a $160.00 price objective on the stock. Royal Bank of Canada cut their price target on Emerson Electric from $139.00 to $138.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Finally, Oppenheimer boosted their price target on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $135.89.

Emerson Electric Stock Performance

EMR traded up $2.60 during trading hours on Thursday, hitting $123.32. The company's stock had a trading volume of 2,872,021 shares, compared to its average volume of 2,429,702. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $70.23 billion, a PE ratio of 36.06, a PEG ratio of 1.98 and a beta of 1.35. The company has a 50-day simple moving average of $127.18 and a 200 day simple moving average of $115.05.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a dividend yield of 1.71%. Emerson Electric's dividend payout ratio (DPR) is 61.70%.

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.