Patton Fund Management Inc. Invests $279,000 in Emerson Electric Co. $EMR

Key Points

• Patton Fund Management Inc. has invested $279,000 in Emerson Electric Co. by acquiring 2,092 shares during the second quarter.
• Institutional investors collectively own 74.30% of Emerson Electric's stock, with notable increases in stakes from several institutions in the first quarter.
• Emerson Electric has recently announced a quarterly dividend of $0.5275, resulting in an annualized yield of 1.6%.

Patton Fund Management Inc. acquired a new position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,092 shares of the industrial products company's stock, valued at approximately $279,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Emerson Electric during the 1st quarter valued at about $737,318,000. Pacer Advisors Inc. boosted its stake in Emerson Electric by 4,583.7% in the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company's stock valued at $239,569,000 after acquiring an additional 2,138,397 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Emerson Electric by 218.7% during the first quarter. Alliancebernstein L.P. now owns 2,468,732 shares of the industrial products company's stock valued at $270,672,000 after purchasing an additional 1,693,999 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Emerson Electric by 210.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company's stock worth $215,602,000 after purchasing an additional 1,333,839 shares during the period. Finally, GAMMA Investing LLC boosted its position in Emerson Electric by 12,707.7% during the 1st quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company's stock valued at $123,503,000 after purchasing an additional 1,117,646 shares during the period. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EMR shares. Stephens increased their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Daiwa Capital Markets lifted their price objective on shares of Emerson Electric from $150.00 to $153.00 and gave the company an "outperform" rating in a research report on Wednesday. Wells Fargo & Company upped their target price on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Barclays raised Emerson Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $125.00 to $127.00 in a report on Thursday, August 7th. Finally, Citigroup increased their price objective on Emerson Electric from $146.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.76.

Emerson Electric Price Performance

NYSE EMR opened at $128.70 on Friday. The firm has a market capitalization of $72.43 billion, a PE ratio of 27.68, a P/E/G ratio of 2.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The company's 50 day simple moving average is $135.56 and its 200 day simple moving average is $123.85.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $4.60 billion. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. As a group, equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Emerson Electric's dividend payout ratio is presently 45.38%.

Emerson Electric 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.

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