Gateway Investment Advisers LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 435,952 shares of the industrial products company’s stock after selling 3,138 shares during the period. Gateway Investment Advisers LLC’s holdings in Emerson Electric were worth $29,850,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Moody National Bank Trust Division bought a new stake in Emerson Electric in the 4th quarter valued at $27,000. Csenge Advisory Group bought a new stake in Emerson Electric in the 3rd quarter valued at $28,000. Massey Quick Simon & CO. LLC bought a new stake in Emerson Electric in the 4th quarter valued at $30,000. Norway Savings Bank raised its stake in Emerson Electric by 60.1% in the 4th quarter. Norway Savings Bank now owns 533 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 200 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new stake in Emerson Electric in the 4th quarter valued at $36,000. Institutional investors own 72.63% of the company’s stock.

Shares of NYSE EMR opened at $71.13 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. Emerson Electric Co. has a one year low of $55.38 and a one year high of $79.70. The firm has a market capitalization of $43.52 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.22 and a beta of 1.24.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts forecast that Emerson Electric Co. will post 3.7 earnings per share for the current fiscal year.

A number of research firms recently weighed in on EMR. Citigroup upgraded Emerson Electric from a “sell” rating to a “neutral” rating and set a $66.00 price target on the stock in a research note on Monday, January 14th. Gordon Haskett cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Stephens restated a “buy” rating and issued a $68.00 price target on shares of Emerson Electric in a research note on Sunday, January 6th. Cowen restated a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a research note on Wednesday, January 30th. Finally, Barclays cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $85.00 to $71.00 in a research note on Monday, December 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Emerson Electric has an average rating of “Buy” and a consensus price target of $76.61.

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About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

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

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