Emerson Electric Co. $EMR Shares Bought by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC has increased its stake in Emerson Electric Co. by 21.1%, owning 12,443 shares valued at about $1.66 million at the end of the most recent quarter.
• Emerson Electric reported an EPS of $1.52 for the last quarter, slightly surpassing analysts' estimates, and its quarterly revenue reached $4.55 billion, marking a 3.9% year-over-year increase.
• The company announced a quarterly dividend of $0.5275, yielding 1.6%, with a payout ratio of 45.38%.

GAMMA Investing LLC raised its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,443 shares of the industrial products company's stock after buying an additional 2,169 shares during the quarter. GAMMA Investing LLC's holdings in Emerson Electric were worth $1,659,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EMR. Saudi Central Bank acquired a new position in Emerson Electric in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Emerson Electric during the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Emerson Electric during the first quarter worth about $28,000. Fourth Dimension Wealth LLC lifted its position in shares of Emerson Electric by 145.3% during the first quarter. Fourth Dimension Wealth LLC now owns 260 shares of the industrial products company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Price Performance

Shares of NYSE EMR opened at $132.88 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a fifty day moving average price of $136.49 and a 200 day moving average price of $123.49. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27. The company has a market cap of $74.78 billion, a PE ratio of 28.58, a P/E/G ratio of 2.51 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.01. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the company earned $1.43 earnings per share. Emerson Electric's quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays raised shares of Emerson Electric from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $125.00 to $127.00 in a research report on Thursday, August 7th. Bank of America raised their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. KeyCorp raised their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Citigroup increased their price target on shares of Emerson Electric from $146.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Stephens increased their price target on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $142.39.

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.

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