Regents Gate Capital LLP Makes New $2.38 Million Investment in Emerson Electric Co. (NYSE:EMR)

Regents Gate Capital LLP purchased a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,726 shares of the industrial products company's stock, valued at approximately $2,382,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Norges Bank purchased a new position in shares of Emerson Electric in the 4th quarter worth approximately $885,886,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Emerson Electric by 3,866.2% during 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 in the last quarter. Boston Partners raised its position in Emerson Electric by 136.3% during 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 in the last quarter. GAMMA Investing LLC increased its holdings in shares of Emerson Electric by 12,707.7% in the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after acquiring an additional 1,117,646 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Emerson Electric by 230,061.8% in the 4th quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company's stock valued at $101,545,000 after acquiring an additional 819,020 shares during the period. Institutional investors own 74.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. TD Cowen raised Emerson Electric to a "strong-buy" rating in a report on Tuesday. Barclays increased their target price on Emerson Electric from $112.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, June 9th. Robert W. Baird dropped their price target 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. Finally, JPMorgan Chase & Co. upped their price target on Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Emerson Electric has a consensus rating of "Moderate Buy" and an average price target of $139.44.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

Emerson Electric Stock Performance

NYSE EMR opened at $138.80 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.59 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $123.09 and a 200 day simple moving average of $118.64. The company has a market cap of $78.08 billion, a P/E ratio of 33.21, a PEG ratio of 2.69 and a beta of 1.29. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $139.90.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period last year, the firm earned $1.36 EPS. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. Sell-side analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were issued a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.52%. Emerson Electric's dividend payout ratio is currently 50.48%.

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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