Emerson Electric Co. (NYSE:EMR) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lowered its holdings in Emerson Electric Co. (NYSE:EMR) by 6.4% during the fourth quarter, Holdings Channel reports. The fund owned 7,666 shares of the industrial products company’s stock after selling 520 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Emerson Electric were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EMR. Morgan Stanley boosted its position in Emerson Electric by 7.9% in the 3rd quarter. Morgan Stanley now owns 13,750,393 shares of the industrial products company’s stock worth $1,327,876,000 after purchasing an additional 1,008,294 shares in the last quarter. Invesco Ltd. lifted its position in shares of Emerson Electric by 16.9% during the 3rd quarter. Invesco Ltd. now owns 8,199,836 shares of the industrial products company’s stock valued at $791,858,000 after buying an additional 1,184,202 shares in the last quarter. Nordea Investment Management AB increased its holdings in Emerson Electric by 26.5% in the 4th quarter. Nordea Investment Management AB now owns 7,447,248 shares of the industrial products company’s stock worth $723,873,000 after acquiring an additional 1,558,903 shares in the last quarter. Northern Trust Corp raised its position in Emerson Electric by 2.4% during the third quarter. Northern Trust Corp now owns 7,167,611 shares of the industrial products company’s stock worth $692,176,000 after acquiring an additional 168,783 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Emerson Electric by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 4,557,738 shares of the industrial products company’s stock worth $440,145,000 after purchasing an additional 80,451 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on EMR. Barclays boosted their price target on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Berenberg Bank boosted their price target on shares of Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird cut their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a report on Thursday. Bank of America boosted their target price on Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Emerson Electric from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $123.00 to $138.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.41.

Emerson Electric Stock Up 2.6 %

NYSE:EMR traded up $2.94 during mid-day trading on Thursday, hitting $115.59. The stock had a trading volume of 4,982,821 shares, compared to its average volume of 2,842,192. Emerson Electric Co. has a twelve month low of $76.94 and a twelve month high of $115.77. The stock has a 50-day simple moving average of $110.75 and a two-hundred day simple moving average of $100.04. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $65.98 billion, a PE ratio of 6.02, a PEG ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.29 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. On average, equities research analysts anticipate that Emerson Electric Co. will post 5.4 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $0.525 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.10 annualized dividend and a dividend yield of 1.82%. Emerson Electric’s dividend payout ratio is currently 10.94%.

Insider Activity

In other news, Director Mark A. Blinn sold 2,413 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $103.18, for a total transaction of $248,973.34. Following the completion of the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

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.