Emerson Electric Co. (NYSE:EMR) Holdings Boosted by Curi RMB Capital LLC

Curi RMB Capital LLC grew its stake in shares of Emerson Electric Co. (NYSE:EMR) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,750 shares of the industrial products company’s stock after purchasing an additional 721 shares during the quarter. Curi RMB Capital LLC’s holdings in Emerson Electric were worth $1,613,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Banco Santander S.A. grew its position in Emerson Electric by 2.0% in the 1st quarter. Banco Santander S.A. now owns 11,635 shares of the industrial products company’s stock worth $1,320,000 after purchasing an additional 223 shares during the last quarter. First Foundation Advisors raised its stake in Emerson Electric by 11.4% during the 1st quarter. First Foundation Advisors now owns 5,075 shares of the industrial products company’s stock valued at $576,000 after acquiring an additional 521 shares in the last quarter. Nicolet Advisory Services LLC boosted its position in Emerson Electric by 20.5% during the 1st quarter. Nicolet Advisory Services LLC now owns 3,361 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 572 shares during the period. Spirepoint Private Client LLC bought a new position in shares of Emerson Electric in the first quarter worth $214,000. Finally, TIAA Trust National Association raised its stake in shares of Emerson Electric by 2.4% during the first quarter. TIAA Trust National Association now owns 31,140 shares of the industrial products company’s stock valued at $3,532,000 after purchasing an additional 735 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $126.78 on Friday. The company has a market cap of $72.29 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company’s fifty day moving average is $110.57 and its two-hundred day moving average is $109.84. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12-month low of $87.17 and a 12-month high of $131.56.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.5275 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group started coverage on shares of Emerson Electric in a research report on Wednesday. They set a “neutral” rating and a $135.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their target price on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted their price target on Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. KeyCorp raised their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley initiated coverage on shares of Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.00.

About Emerson Electric

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.