Gotham Asset Management LLC Has $26.57 Million Position in Emerson Electric Co. (NYSE:EMR)

Gotham Asset Management LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 53.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,352 shares of the industrial products company’s stock after acquiring an additional 74,838 shares during the quarter. Gotham Asset Management LLC’s holdings in Emerson Electric were worth $26,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Graham Capital Management L.P. purchased a new stake in shares of Emerson Electric during the 4th quarter worth about $1,301,000. Greenline Partners LLC acquired a new stake in Emerson Electric in the fourth quarter valued at approximately $39,000. Focus Partners Wealth grew its position in Emerson Electric by 26.9% in the fourth quarter. Focus Partners Wealth now owns 161,010 shares of the industrial products company’s stock worth $20,176,000 after acquiring an additional 34,177 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Emerson Electric by 149.7% during the 4th quarter. Ensign Peak Advisors Inc now owns 109,221 shares of the industrial products company’s stock worth $13,536,000 after purchasing an additional 65,488 shares during the last quarter. Finally, First Manhattan CO. LLC. raised its holdings in shares of Emerson Electric by 14.4% during the 4th quarter. First Manhattan CO. LLC. now owns 7,742 shares of the industrial products company’s stock valued at $959,000 after purchasing an additional 976 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR opened at $112.55 on Friday. The stock has a market cap of $63.47 billion, a PE ratio of 26.86, a P/E/G ratio of 2.49 and a beta of 1.26. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The stock’s 50 day simple moving average is $106.79 and its 200-day simple moving average is $118.45. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 EPS. Sell-side analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

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 paid a $0.5275 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.11 annualized dividend and a dividend yield of 1.87%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the completion of the transaction, the chief executive officer now directly owns 164,957 shares in the company, valued at $18,694,576.81. This represents a 9.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EMR shares. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Citigroup upped their target price on Emerson Electric from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp dropped their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley raised their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.88.

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.