Patten & Patten Inc. TN boosted its stake in Emerson Electric Co. (NYSE:EMR) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,774 shares of the industrial products company’s stock after acquiring an additional 825 shares during the period. Patten & Patten Inc. TN’s holdings in Emerson Electric were worth $1,438,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Clarus Wealth Advisors purchased a new position in Emerson Electric during the second quarter valued at $100,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Emerson Electric during the second quarter valued at $102,000. Kiley Juergens Wealth Management LLC purchased a new position in Emerson Electric during the second quarter valued at $105,000. Kaizen Advisory LLC lifted its position in Emerson Electric by 151.1% during the second quarter. Kaizen Advisory LLC now owns 1,539 shares of the industrial products company’s stock valued at $106,000 after buying an additional 926 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Emerson Electric during the second quarter valued at $113,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

In related news, President Edward L. Monser sold 60,000 shares of Emerson Electric stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the completion of the sale, the president now directly owns 176,477 shares in the company, valued at approximately $13,429,899.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven J. Pelch sold 6,409 shares of Emerson Electric stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total value of $475,804.16. The disclosure for this sale can be found here. Insiders sold a total of 96,409 shares of company stock valued at $7,317,004 over the last quarter. 0.84% of the stock is owned by corporate insiders.

EMR has been the subject of several recent research reports. Barclays raised their price objective on Emerson Electric from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 24th. Zacks Investment Research raised Emerson Electric from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Monday, August 6th. Morgan Stanley initiated coverage on Emerson Electric in a research report on Monday, August 20th. They set an “overweight” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Emerson Electric from $79.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Finally, UBS Group raised their price objective on Emerson Electric from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $78.67.

EMR opened at $74.00 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $48.13 billion, a PE ratio of 28.03, a P/E/G ratio of 2.25 and a beta of 1.15. Emerson Electric Co. has a 1 year low of $57.47 and a 1 year high of $79.70.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 7th. The industrial products company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. Emerson Electric had a return on equity of 22.83% and a net margin of 12.33%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the company earned $0.68 EPS. Emerson Electric’s revenue for the quarter was up 10.3% on a year-over-year basis. Sell-side analysts forecast that Emerson Electric Co. will post 3.19 earnings per share for the current fiscal year.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

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

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