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

GAMMA Investing LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 12,707.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,126,441 shares of the industrial products company's stock after buying an additional 1,117,646 shares during the period. GAMMA Investing LLC owned 0.20% of Emerson Electric worth $123,503,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EMR. Norges Bank bought a new stake in Emerson Electric in the 4th quarter valued at about $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Emerson Electric by 3,866.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company's stock valued at $374,581,000 after purchasing an additional 2,946,310 shares during the period. Raymond James Financial Inc. bought a new stake in Emerson Electric in the 4th quarter valued at about $297,947,000. Boston Partners boosted its holdings in Emerson Electric by 136.3% in the 4th quarter. Boston Partners now owns 3,316,466 shares of the industrial products company's stock valued at $411,944,000 after purchasing an additional 1,913,120 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Emerson Electric by 234.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,035,934 shares of the industrial products company's stock valued at $252,313,000 after purchasing an additional 1,426,718 shares during the period. Institutional investors own 74.30% of the company's stock.

Emerson Electric Trading Up 0.7%

Shares of EMR traded up $0.83 during trading hours on Thursday, hitting $122.44. 2,823,455 shares of the stock were exchanged, compared to its average volume of 2,927,854. 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 business has a 50-day moving average of $109.43 and a 200-day moving average of $118.61. The firm has a market capitalization of $68.87 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Emerson Electric's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.72%. Emerson Electric's dividend payout ratio is 50.48%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EMR shares. Wells Fargo & Company upped their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Royal Bank of Canada upped their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Morgan Stanley upped their price objective on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. Barclays upped their price objective on shares of Emerson Electric from $104.00 to $112.00 and gave the stock an "underweight" rating in a research report on Friday, May 30th. Finally, Wall Street Zen upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric currently has an average rating of "Moderate Buy" and an average target price of $134.65.

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.