Gateway Investment Advisers LLC Has $7.11 Million Stock Position in Emerson Electric Co. (NYSE:EMR)

Gateway Investment Advisers LLC cut its position in Emerson Electric Co. (NYSE:EMR) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,391 shares of the industrial products company’s stock after selling 1,438 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Emerson Electric were worth $7,112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the 3rd quarter worth $29,000. Frazier Financial Advisors LLC acquired a new stake in Emerson Electric in the 3rd quarter valued at $33,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric during the 3rd quarter valued at $33,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Emerson Electric during the third quarter worth $43,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Up 2.1 %

EMR opened at $123.32 on Friday. The company’s 50-day moving average price is $127.18 and its two-hundred day moving average price is $115.05. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a twelve month low of $91.64 and a twelve month high of $134.85. The stock has a market cap of $70.23 billion, a price-to-earnings ratio of 36.06, a PEG ratio of 1.98 and a beta of 1.35.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.71%. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. Emerson Electric’s dividend payout ratio is 61.70%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EMR. Jefferies Financial Group started coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price objective for the company. Loop Capital lifted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada lowered their price objective on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Oppenheimer lifted their target price on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company lowered their price target on Emerson Electric from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.89.

Insiders Place Their Bets

In other news, SVP Michael H. Train sold 21,525 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.