Emerson Electric Co. (NYSE:EMR) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 8.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,768 shares of the industrial products company’s stock after purchasing an additional 386 shares during the period. Curbstone Financial Management Corp’s holdings in Emerson Electric were worth $523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. Brighton Jones LLC boosted its holdings in shares of Emerson Electric by 74.1% during the 4th quarter. Brighton Jones LLC now owns 11,392 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 4,850 shares during the last quarter. Soltis Investment Advisors LLC boosted its holdings in shares of Emerson Electric by 4.8% during the 4th quarter. Soltis Investment Advisors LLC now owns 2,563 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 117 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of Emerson Electric by 42.1% during the 4th quarter. Focus Financial Network Inc. now owns 5,306 shares of the industrial products company’s stock worth $658,000 after purchasing an additional 1,573 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Emerson Electric by 3.7% during the 4th quarter. Essex Financial Services Inc. now owns 9,413 shares of the industrial products company’s stock worth $1,167,000 after purchasing an additional 339 shares during the last quarter. Finally, David Wealth Management LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth approximately $275,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on EMR shares. Citigroup lifted their price target on shares of Emerson Electric from $133.00 to $146.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Robert W. Baird reduced their price target on shares of Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price target on shares of Emerson Electric from $121.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Royal Bank of Canada lifted their price target on shares of Emerson Electric from $123.00 to $124.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, KeyCorp reduced their price target on shares of Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Emerson Electric Stock Down 0.3%

Shares of NYSE EMR opened at $126.55 on Thursday. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $134.85. The business’s 50 day moving average is $111.13 and its two-hundred day moving average is $118.51. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a market cap of $71.18 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. Research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, May 16th. Emerson Electric’s payout ratio is currently 50.48%.

Insider Activity

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total value of $1,892,384.34. Following the transaction, the chief executive officer now owns 164,957 shares of the company’s stock, valued at $18,694,576.81. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

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.