Gateway Investment Advisers LLC Sells 2,141 Shares of Emerson Electric Co. (NYSE:EMR)

Gateway Investment Advisers LLC decreased its holdings in Emerson Electric Co. (NYSE:EMR) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in shares of Emerson Electric by 74.1% in the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 4,850 shares in the last quarter. Stratos Wealth Advisors LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $204,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Emerson Electric by 36.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,284 shares of the industrial products company’s stock worth $6,946,000 after buying an additional 14,641 shares during the last quarter. Consolidated Portfolio Review Corp increased its holdings in shares of Emerson Electric by 186.5% during the fourth quarter. Consolidated Portfolio Review Corp now owns 5,799 shares of the industrial products company’s stock worth $719,000 after buying an additional 3,775 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at $2,169,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

Wall Street Analyst Weigh In

EMR has been the subject of a number of recent research reports. Citigroup upped their target price on Emerson Electric from $133.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Finally, Royal Bank of Canada raised their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.65.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer now owns 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $123.68 on Friday. The company has a market cap of $69.57 billion, a P/E ratio of 29.52, a PEG ratio of 2.49 and a beta of 1.28. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $109.70 and a two-hundred day moving average price of $118.50. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $134.85.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share 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 firm’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. As a group, analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th will be given a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.48%.

Emerson Electric Company 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.