Emerson Electric Co. (NYSE:EMR) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,250 shares of the industrial products company's stock after selling 2,141 shares during the period. Gateway Investment Advisers LLC's holdings in Emerson Electric were worth $6,058,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EMR. Sara Bay Financial grew its holdings in shares of Emerson Electric by 1.7% in the first quarter. Sara Bay Financial now owns 24,571 shares of the industrial products company's stock valued at $2,669,000 after purchasing an additional 412 shares during the period. Impact Capital Partners LLC boosted its holdings in Emerson Electric by 9.3% in the 1st quarter. Impact Capital Partners LLC now owns 1,838 shares of the industrial products company's stock valued at $202,000 after purchasing an additional 156 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of Emerson Electric by 7.9% in the 1st quarter. Magnus Financial Group LLC now owns 1,892 shares of the industrial products company's stock valued at $207,000 after buying an additional 138 shares during the period. Curat Global LLC acquired a new stake in shares of Emerson Electric during the 1st quarter worth approximately $597,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Emerson Electric by 28.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,405 shares of the industrial products company's stock valued at $3,224,000 after buying an additional 6,544 shares during the period. 74.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares in the company, valued at approximately $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on EMR shares. Citigroup raised their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Robert W. Baird cut their price objective on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. KeyCorp decreased their target price on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays lifted their price target on shares of Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a research report on Monday. Finally, Royal Bank of Canada upped their price objective 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. Two investment 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $135.00.

Emerson Electric Stock Down 0.3%

Shares of NYSE EMR traded down $0.39 during mid-day trading on Wednesday, hitting $126.55. The company had a trading volume of 2,827,267 shares, compared to its average volume of 2,937,467. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85. The company has a market capitalization of $71.18 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. 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's 50-day simple moving average is $110.49 and its 200 day simple moving average is $118.46.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The business 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%. The business's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. On average, analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were issued a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, May 16th. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

About Emerson Electric

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.