Emerson Electric Co. (NYSE:EMR) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 53.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,352 shares of the industrial products company's stock after purchasing an additional 74,838 shares during the period. Gotham Asset Management LLC's holdings in Emerson Electric were worth $26,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of EMR. Graham Capital Management L.P. acquired a new position in Emerson Electric in the fourth quarter valued at approximately $1,301,000. Greenline Partners LLC purchased a new stake in shares of Emerson Electric in the fourth quarter valued at approximately $39,000. Focus Partners Wealth increased its position in shares of Emerson Electric by 26.9% in the fourth quarter. Focus Partners Wealth now owns 161,010 shares of the industrial products company's stock valued at $20,176,000 after buying an additional 34,177 shares in the last quarter. Ensign Peak Advisors Inc increased its position in shares of Emerson Electric by 149.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 109,221 shares of the industrial products company's stock valued at $13,536,000 after buying an additional 65,488 shares in the last quarter. Finally, First Manhattan CO. LLC. increased its position in shares of Emerson Electric by 14.4% in the fourth quarter. First Manhattan CO. LLC. now owns 7,742 shares of the industrial products company's stock valued at $959,000 after buying an additional 976 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

NYSE EMR traded up $1.47 on Tuesday, hitting $120.88. 278,992 shares of the company's stock were exchanged, compared to its average volume of 2,873,011. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The firm's 50-day moving average price is $106.86 and its two-hundred day moving average price is $118.67. The firm has a market cap of $67.99 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Emerson Electric's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 earnings per share. On average, research analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a $0.5275 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.75%. Emerson Electric's dividend payout ratio (DPR) is 50.48%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EMR shares. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research note on Friday. Wells Fargo & Company increased their price objective on Emerson Electric from $110.00 to $121.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Royal Bank of Canada boosted their target price on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Barclays boosted their target price on shares of Emerson Electric from $99.00 to $104.00 and gave the stock an "underweight" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus target price of $130.88.

Insider Transactions at Emerson Electric

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer now owns 164,957 shares in the company, valued at $18,694,576.81. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company's stock.

Emerson Electric 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.