Emerson Electric Co. (NYSE:EMR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 21.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,708 shares of the industrial products company’s stock after purchasing an additional 1,009 shares during the period. GAMMA Investing LLC’s holdings in Emerson Electric were worth $629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. American National Bank & Trust Co. VA purchased a new position in shares of Emerson Electric in the first quarter worth approximately $1,011,000. Vanguard Personalized Indexing Management LLC grew its position in Emerson Electric by 23.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 48,321 shares of the industrial products company’s stock worth $4,703,000 after purchasing an additional 9,300 shares in the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Emerson Electric by 821.0% in the fourth quarter. Capital Advisors Inc. OK now owns 86,231 shares of the industrial products company’s stock valued at $8,393,000 after purchasing an additional 76,868 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Emerson Electric in the fourth quarter worth $3,358,000. Finally, Exencial Wealth Advisors LLC raised its position in Emerson Electric by 17.6% during the fourth quarter. Exencial Wealth Advisors LLC now owns 49,112 shares of the industrial products company’s stock valued at $4,780,000 after buying an additional 7,358 shares during the period. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EMR shares. Loop Capital upped their target price on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, May 10th. Mizuho increased their target price on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Robert W. Baird lowered their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Redburn Atlantic initiated coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on Emerson Electric from $133.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

Emerson Electric Stock Performance

EMR traded down $3.88 during midday trading on Friday, reaching $109.21. The company’s stock had a trading volume of 3,194,669 shares, compared to its average volume of 2,268,351. Emerson Electric Co. has a twelve month low of $83.10 and a twelve month high of $119.53. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market cap of $62.48 billion, a P/E ratio of 5.84, a PEG ratio of 1.93 and a beta of 1.32. The company has a fifty day simple moving average of $111.33 and a 200 day simple moving average of $109.00.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.11. Emerson Electric had a net margin of 64.97% and a return on equity of 11.14%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the business posted $1.09 EPS. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Research analysts expect that Emerson Electric Co. will post 5.47 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. Emerson Electric’s dividend payout ratio is currently 11.24%.

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.