Patriot Financial Group Insurance Agency LLC Has $740,000 Holdings in Emerson Electric Co. (NYSE:EMR)

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Emerson Electric Co. (NYSE:EMR) by 62.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,767 shares of the industrial products company’s stock after acquiring an additional 2,597 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Emerson Electric were worth $740,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EMR. Transcendent Capital Group LLC bought a new stake in shares of Emerson Electric in the first quarter valued at about $31,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Tributary Capital Management LLC bought a new position in shares of Emerson Electric during the 1st quarter worth approximately $35,000. Versant Capital Management Inc raised its holdings in shares of Emerson Electric by 471.9% in the second quarter. Versant Capital Management Inc now owns 326 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 269 shares during the last quarter. Finally, Matrix Trust Co bought a new stake in shares of Emerson Electric in the third quarter worth $44,000. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EMR has been the topic of several recent research reports. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a research note on Wednesday, October 16th. Barclays dropped their target price on Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Oppenheimer raised their price target on Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company cut their price objective on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.47.

Emerson Electric Trading Up 0.6 %

Shares of EMR stock opened at $108.78 on Tuesday. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a market capitalization of $62.23 billion, a PE ratio of 5.82, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The firm has a 50 day moving average price of $106.29 and a two-hundred day moving average price of $108.93. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.01. The business had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.29 EPS. As a group, analysts predict that Emerson Electric Co. will post 5.48 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, August 16th. Emerson Electric’s dividend payout ratio is 11.24%.

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.