GAMMA Investing LLC Purchases 1,009 Shares of Emerson Electric Co. (NYSE:EMR)

GAMMA Investing LLC lifted its position in shares of Emerson Electric Co. (NYSE:EMR) by 21.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Accordant Advisory Group Inc bought a new position in shares of Emerson Electric during the first quarter valued at $29,000. Transcendent Capital Group LLC acquired a new position in Emerson Electric during the 1st quarter worth about $31,000. Tobam increased its stake in shares of Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after buying an additional 273 shares during the period. Security National Bank bought a new position in shares of Emerson Electric during the fourth quarter worth about $29,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Emerson Electric in the first quarter worth approximately $35,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of EMR stock traded down $3.88 during trading on Friday, hitting $109.21. The company’s stock had a trading volume of 3,194,669 shares, compared to its average volume of 2,268,351. 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 company has a market cap of $62.48 billion, a PE ratio of 5.84, a P/E/G ratio of 1.93 and a beta of 1.32. The business has a fifty day moving average of $111.33 and a 200-day moving average of $109.00. Emerson Electric Co. has a 52 week low of $83.10 and a 52 week high of $119.53.

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

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders 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 annualized dividend and a dividend yield of 1.92%. Emerson Electric’s payout ratio is currently 11.24%.

Wall Street Analyst Weigh In

EMR has been the subject of several analyst reports. Loop Capital raised their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Mizuho boosted their price target on Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Robert W. Baird reduced their price target on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their target price for the company from $123.00 to $138.00 in a research report on Thursday, May 9th. Finally, Barclays increased their target price on Emerson Electric from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.88.

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.