Patten Group Inc. Has $3.39 Million Stake in Emerson Electric Co. (NYSE:EMR)

Patten Group Inc. lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,335 shares of the industrial products company’s stock after purchasing an additional 884 shares during the quarter. Emerson Electric comprises 0.7% of Patten Group Inc.’s holdings, making the stock its 29th biggest position. Patten Group Inc.’s holdings in Emerson Electric were worth $3,388,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EMR. Swedbank AB lifted its stake in Emerson Electric by 127.3% in the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares in the last quarter. Howard Capital Management Group LLC grew its position in Emerson Electric by 10.6% in the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 180 shares in the last quarter. Focus Financial Network Inc. lifted its position in Emerson Electric by 3.6% during the 3rd quarter. Focus Financial Network Inc. now owns 3,733 shares of the industrial products company’s stock worth $408,000 after buying an additional 128 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its stake in shares of Emerson Electric by 3.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 5,068 shares of the industrial products company’s stock worth $554,000 after buying an additional 175 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Emerson Electric by 8.4% in the third quarter. Farther Finance Advisors LLC now owns 9,346 shares of the industrial products company’s stock valued at $1,022,000 after acquiring an additional 727 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EMR has been the topic of a number of analyst reports. KeyCorp upped their price objective on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. BNP Paribas started coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 price objective for the company. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price objective on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, StockNews.com upgraded Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.90.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $116.95 on Tuesday. The firm has a 50 day moving average of $124.44 and a 200-day moving average of $118.37. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $65.95 billion, a PE ratio of 27.91, a PEG ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

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.