GAMMA Investing LLC Grows Stock Holdings in Emerson Electric Co. (NYSE:EMR)

GAMMA Investing LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 35.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,705 shares of the industrial products company’s stock after purchasing 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 (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Red Spruce Capital LLC boosted its stake in Emerson Electric by 5.6% during the third quarter. Red Spruce Capital LLC now owns 33,521 shares of the industrial products company’s stock worth $3,666,000 after buying an additional 1,778 shares during the period. Cullen Investment Group LTD. acquired a new stake in Emerson Electric in the 3rd quarter valued at approximately $210,000. Eldred Rock Partners LLC lifted its stake in Emerson Electric by 4.3% during 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 in the last quarter. Allied Investment Advisors LLC boosted its position in shares of Emerson Electric by 0.9% during the third quarter. Allied Investment Advisors LLC now owns 101,054 shares of the industrial products company’s stock worth $11,052,000 after buying an additional 946 shares during the period. Finally, Chemung Canal Trust Co. raised its holdings in shares of Emerson Electric by 14.2% in the 3rd quarter. Chemung Canal Trust Co. now owns 84,671 shares of the industrial products company’s stock valued at $9,260,000 after buying an additional 10,532 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

Shares of EMR opened at $109.42 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market capitalization of $62.60 billion, a P/E ratio of 5.85, a P/E/G ratio of 1.74 and a beta of 1.30. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The company’s fifty day moving average is $105.27 and its two-hundred day moving average is $109.29.

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

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is currently 11.24%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EMR shares. Morgan Stanley started coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada dropped their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Oppenheimer increased their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. One research 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. Based on data from MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $124.59.

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.