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

GAMMA Investing LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 35.0% during the third quarter, Holdings Channel reports. The firm owned 7,705 shares of the industrial products company’s stock after buying an additional 1,997 shares during the period. GAMMA Investing LLC’s holdings in Emerson Electric were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Red Spruce Capital LLC raised its stake in Emerson Electric by 5.6% during the 3rd quarter. Red Spruce Capital LLC now owns 33,521 shares of the industrial products company’s stock valued at $3,666,000 after acquiring an additional 1,778 shares in the last quarter. Cullen Investment Group LTD. bought a new stake in shares of Emerson Electric during the third quarter valued at about $210,000. Eldred Rock Partners LLC lifted its holdings in Emerson Electric by 4.3% in the third quarter. Eldred Rock Partners LLC now owns 91,072 shares of the industrial products company’s stock worth $9,961,000 after purchasing an additional 3,750 shares during the period. Allied Investment Advisors LLC grew its position in Emerson Electric by 0.9% in the 3rd quarter. Allied Investment Advisors LLC now owns 101,054 shares of the industrial products company’s stock valued at $11,052,000 after buying an additional 946 shares in the last quarter. Finally, Chemung Canal Trust Co. raised its position in shares of Emerson Electric by 14.2% during the 3rd quarter. Chemung Canal Trust Co. now owns 84,671 shares of the industrial products company’s stock worth $9,260,000 after buying an additional 10,532 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Redburn Atlantic began coverage on Emerson Electric in a report on Monday, July 8th. They set a “buy” rating and a $135.00 target price on the stock. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Barclays decreased their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Morgan Stanley assumed coverage on shares of Emerson Electric in a report on Friday, September 6th. They set an “underweight” rating and a $105.00 price target on the stock. Finally, Oppenheimer raised their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.59.

Emerson Electric Stock Performance

EMR opened at $109.42 on Wednesday. The business has a 50 day moving average of $105.27 and a 200-day moving average of $109.29. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market cap of $62.60 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 16th. This represents a $2.10 annualized dividend 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.