Patriot Financial Group Insurance Agency LLC Purchases 1,829 Shares of Emerson Electric Co. (NYSE:EMR)

Patriot Financial Group Insurance Agency LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 78.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,170 shares of the industrial products company’s stock after buying an additional 1,829 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Emerson Electric were worth $459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock valued at $1,307,680,000 after buying an additional 1,488,948 shares during the period. Wells Fargo & Company MN grew its stake in Emerson Electric by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,654,285 shares of the industrial products company’s stock valued at $1,036,982,000 after acquiring an additional 62,105 shares in the last quarter. Norges Bank purchased a new position in Emerson Electric during the fourth quarter valued at $764,604,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Emerson Electric by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,174,088 shares of the industrial products company’s stock worth $308,934,000 after acquiring an additional 60,990 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Emerson Electric by 219.2% in the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after acquiring an additional 1,786,583 shares during the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Price Performance

Shares of EMR stock traded down $1.07 on Tuesday, reaching $103.84. The company’s stock had a trading volume of 1,586,545 shares, compared to its average volume of 2,680,191. The stock’s 50 day simple moving average is $109.73 and its 200-day simple moving average is $109.95. Emerson Electric Co. has a 12-month low of $83.10 and a 12-month high of $119.53. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $59.41 billion, a P/E ratio of 5.56, a PEG ratio of 1.93 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period last year, the firm earned $1.29 earnings per share. Emerson Electric’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Emerson Electric Co. will post 5.47 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EMR shares. Oppenheimer cut their target price on shares of Emerson Electric from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Mizuho boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price objective for the company from $123.00 to $138.00 in a report on Thursday, May 9th. Barclays decreased their target price on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, Royal Bank of Canada dropped their price target on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.33.

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.