Gateway Investment Advisers LLC Buys 978 Shares of Emerson Electric Co. (NYSE:EMR)

Gateway Investment Advisers LLC boosted its stake in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,565 shares of the industrial products company’s stock after buying an additional 978 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Emerson Electric were worth $5,056,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Clark Capital Management Group Inc. bought a new stake in Emerson Electric during the 4th quarter valued at $251,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Emerson Electric by 17.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,346 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 350 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Emerson Electric by 2.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 70,800 shares of the industrial products company’s stock valued at $6,582,000 after acquiring an additional 1,575 shares during the period. Blair William & Co. IL increased its position in shares of Emerson Electric by 24.1% during the fourth quarter. Blair William & Co. IL now owns 368,691 shares of the industrial products company’s stock worth $34,277,000 after purchasing an additional 71,677 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Emerson Electric by 55.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,508,070 shares of the industrial products company’s stock worth $326,145,000 after purchasing an additional 1,246,143 shares in the last quarter. 72.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on EMR shares. Morgan Stanley increased their price target on Emerson Electric from $95.00 to $97.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Citigroup upped their price target on shares of Emerson Electric to $99.00 in a research note on Monday, August 15th. Sanford C. Bernstein dropped their price objective on shares of Emerson Electric from $105.00 to $100.00 and set a “mkt perform” rating on the stock in a report on Wednesday, August 17th. JPMorgan Chase & Co. began coverage on Emerson Electric in a research report on Thursday, July 7th. They set a “neutral” rating and a $80.00 price target for the company. Finally, William Blair reissued a “market perform” rating on shares of Emerson Electric in a report on Tuesday, August 9th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.77.

Emerson Electric Stock Down 1.3 %

EMR stock opened at $75.53 on Friday. The firm’s fifty day moving average is $84.77 and its 200 day moving average is $87.42. The firm has a market cap of $44.66 billion, a PE ratio of 14.30, a P/E/G ratio of 1.81 and a beta of 1.42. Emerson Electric Co. has a one year low of $75.50 and a one year high of $100.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.06.

Emerson Electric (NYSE:EMRGet Rating) last released its quarterly earnings results on Tuesday, August 9th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.09. Emerson Electric had a return on equity of 25.06% and a net margin of 16.45%. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. Emerson Electric’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Emerson Electric Co. will post 5.11 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Thursday, August 11th. Emerson Electric’s dividend payout ratio is presently 39.02%.

About Emerson Electric

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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

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