Whalen Wealth Management Inc. Makes New $632,000 Investment in Emerson Electric Co. (NYSE:EMR)

Whalen Wealth Management Inc. purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,767 shares of the industrial products company's stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $25,000. Vega Investment Solutions purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $28,000. Inlight Wealth Management LLC purchased a new stake in shares of Emerson Electric during the 1st quarter worth approximately $28,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Emerson Electric during the 4th quarter worth approximately $30,000. 74.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company's stock.

Emerson Electric Price Performance

Shares of EMR stock opened at $128.30 on Monday. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The stock's 50-day moving average is $115.14 and its 200 day moving average is $118.04. The company has a market cap of $72.17 billion, a P/E ratio of 30.69, a PEG ratio of 2.54 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.80 and a quick ratio of 0.59.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio is presently 50.48%.

Analyst Ratings Changes

EMR has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Robert W. Baird decreased their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. KeyCorp increased their price target on Emerson Electric from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Royal Bank Of Canada increased their price target on Emerson Electric from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.47.

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.

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