Emerson Electric Co. (NYSE:EMR) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in shares of Emerson Electric Co. (NYSE:EMRFree Report) by 11.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,986 shares of the industrial products company’s stock after selling 902 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Emerson Electric were worth $675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. RB Capital Management LLC raised its holdings in Emerson Electric by 3.0% during the first quarter. RB Capital Management LLC now owns 5,358 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 155 shares in the last quarter. Fairfield Bush & CO. acquired a new stake in Emerson Electric during the first quarter worth approximately $116,000. Prudential PLC acquired a new stake in Emerson Electric during the first quarter worth approximately $1,215,000. Sequoia Financial Advisors LLC increased its holdings in shares of Emerson Electric by 17.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,521 shares of the industrial products company’s stock valued at $934,000 after acquiring an additional 1,418 shares during the period. Finally, Brighton Jones LLC increased its holdings in shares of Emerson Electric by 31.8% in the 1st quarter. Brighton Jones LLC now owns 3,856 shares of the industrial products company’s stock valued at $378,000 after acquiring an additional 931 shares during the period. Hedge funds and other institutional investors own 72.02% of the company’s stock.

Insider Buying and Selling

In other news, CEO Surendralal Lanca Karsanbhai bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of $88.20 per share, with a total value of $882,000.00. Following the purchase, the chief executive officer now owns 148,542 shares of the company’s stock, valued at approximately $13,101,404.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EMR shares. Royal Bank of Canada lifted their target price on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday. KeyCorp lifted their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday. Mizuho lifted their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. Finally, UBS Group lowered their price objective on shares of Emerson Electric from $104.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.06.

View Our Latest Stock Report on EMR

Emerson Electric Price Performance

Shares of NYSE EMR opened at $103.20 on Friday. Emerson Electric Co. has a one year low of $76.94 and a one year high of $105.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.35 and a current ratio of 1.12. The company’s fifty day moving average is $94.78 and its two-hundred day moving average is $94.14. The firm has a market capitalization of $59.00 billion, a P/E ratio of 5.37, a PEG ratio of 1.87 and a beta of 1.34.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts forecast that Emerson Electric Co. will post 5.36 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Friday, February 16th will be given a $0.525 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 2.03%. Emerson Electric’s dividend payout ratio is presently 10.94%.

Emerson Electric Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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