GAMMA Investing LLC Buys New Shares in Emerson Electric Co. (NYSE:EMR)

GAMMA Investing LLC purchased a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,225 shares of the industrial products company’s stock, valued at approximately $388,000.

A number of other large investors also recently modified their holdings of EMR. PFG Advisors boosted its position in Emerson Electric by 4.5% during the fourth quarter. PFG Advisors now owns 2,495 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 108 shares during the last quarter. Accel Wealth Management grew its stake in shares of Emerson Electric by 3.6% in the fourth quarter. Accel Wealth Management now owns 3,239 shares of the industrial products company’s stock valued at $315,000 after buying an additional 114 shares in the last quarter. Beaumont Financial Advisors LLC increased its holdings in Emerson Electric by 5.3% during the fourth quarter. Beaumont Financial Advisors LLC now owns 2,278 shares of the industrial products company’s stock worth $222,000 after buying an additional 114 shares during the last quarter. Silverlake Wealth Management LLC lifted its stake in Emerson Electric by 2.8% in the fourth quarter. Silverlake Wealth Management LLC now owns 4,256 shares of the industrial products company’s stock valued at $414,000 after acquiring an additional 115 shares during the last quarter. Finally, Cooper Financial Group grew its position in shares of Emerson Electric by 2.4% in the 4th quarter. Cooper Financial Group now owns 5,019 shares of the industrial products company’s stock valued at $488,000 after acquiring an additional 120 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the completion of the transaction, the director now owns 9,591 shares in the company, valued at $989,599.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

Emerson Electric Price Performance

NYSE EMR traded down $0.04 on Wednesday, reaching $109.73. 1,113,766 shares of the company’s stock traded hands, compared to its average volume of 2,621,253. The stock has a market cap of $62.63 billion, a PE ratio of 5.72, a P/E/G ratio of 1.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26. The stock has a 50-day simple moving average of $110.16 and a 200 day simple moving average of $99.04.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were given a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Emerson Electric’s dividend payout ratio is 10.94%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EMR shares. KeyCorp raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Berenberg Bank upped their target price on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Mizuho lifted their price target on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, UBS Group boosted their price objective on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and a consensus target price of $116.25.

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.