Whalen Wealth Management Inc. Sells 3,561 Shares of Emerson Electric Co. $EMR

Whalen Wealth Management Inc. reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 61.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,206 shares of the industrial products company’s stock after selling 3,561 shares during the period. Whalen Wealth Management Inc.’s holdings in Emerson Electric were worth $294,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EMR. Nuveen LLC acquired a new stake in Emerson Electric during the 1st quarter worth about $737,318,000. Pacer Advisors Inc. grew its holdings in Emerson Electric by 4,583.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after acquiring an additional 2,138,397 shares during the period. Alliancebernstein L.P. grew its holdings in Emerson Electric by 218.7% during the 1st quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company’s stock worth $270,672,000 after acquiring an additional 1,693,999 shares during the period. Nordea Investment Management AB grew its holdings in Emerson Electric by 19.5% during the 2nd quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after acquiring an additional 1,499,000 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock worth $215,602,000 after acquiring an additional 1,333,839 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent analyst reports. TD Cowen upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Stephens raised their target price on Emerson Electric from $130.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Daiwa Capital Markets raised their target price on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Citigroup raised their target price on Emerson Electric from $146.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $140.00 target price (down from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.28.

Emerson Electric Price Performance

EMR stock opened at $136.32 on Thursday. The company has a market capitalization of $76.72 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 2.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The business has a 50-day simple moving average of $132.00 and a two-hundred day simple moving average of $128.00.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion during the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%. Research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.5%. Emerson Electric’s payout ratio is 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.