Gotham Asset Management LLC Increases Holdings in Emerson Electric Co. $EMR

Key Points

• Gotham Asset Management LLC has increased its stake in Emerson Electric Co. to approximately $23.77 million, now holding 216,790 shares after acquiring an additional 2,438 shares during the first quarter.
• Emerson Electric recently reported a quarterly earnings per share (EPS) of $1.52, slightly beating analyst estimates, with a revenue of $4.55 billion for the quarter.
• The company announced a quarterly dividend of $0.5275 per share, which will be paid on September 10th, reflecting an annualized yield of 1.6%.

Gotham Asset Management LLC boosted its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,790 shares of the industrial products company's stock after purchasing an additional 2,438 shares during the quarter. Gotham Asset Management LLC's holdings in Emerson Electric were worth $23,769,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Clark Capital Management Group Inc. lifted its position in shares of Emerson Electric by 7.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 6,042 shares of the industrial products company's stock valued at $749,000 after acquiring an additional 434 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Emerson Electric by 2.7% in the first quarter. First Horizon Advisors Inc. now owns 212,252 shares of the industrial products company's stock valued at $23,271,000 after acquiring an additional 5,504 shares in the last quarter. North Capital Inc. purchased a new position in shares of Emerson Electric in the first quarter valued at approximately $211,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Emerson Electric in the fourth quarter valued at approximately $3,003,000. Finally, Golden State Equity Partners acquired a new stake in shares of Emerson Electric in the first quarter valued at approximately $459,000. Hedge funds and other institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

EMR has been the subject of several recent research reports. Stephens increased their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday, July 8th. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $125.00 to $127.00 in a research note on Thursday, August 7th. KeyCorp raised their target price on Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Bank of America raised their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.39.

Emerson Electric Trading Down 0.4%

Shares of NYSE EMR traded down $0.59 during trading on Tuesday, reaching $132.14. The stock had a trading volume of 1,566,577 shares, compared to its average volume of 3,129,953. Emerson Electric Co. has a fifty-two week low of $90.06 and a fifty-two week high of $150.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The business's 50-day moving average price is $137.57 and its 200-day moving average price is $122.45. The company has a market cap of $74.37 billion, a P/E ratio of 28.42, a PEG ratio of 2.58 and a beta of 1.30.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share 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 business had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $4.60 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.5275 dividend. The ex-dividend date is 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%.

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.