Curbstone Financial Management Corp Sells 536 Shares of Emerson Electric Co. $EMR

Curbstone Financial Management Corp reduced its position in shares of Emerson Electric Co. (NYSE:EMR) by 11.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,232 shares of the industrial products company’s stock after selling 536 shares during the period. Curbstone Financial Management Corp’s holdings in Emerson Electric were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EMR. Nuveen LLC purchased a new stake in shares of Emerson Electric during the first quarter worth about $737,318,000. Pacer Advisors Inc. boosted its holdings in shares of Emerson Electric by 4,583.7% during the first quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after purchasing an additional 2,138,397 shares during the period. Alliancebernstein L.P. boosted 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 worth $270,672,000 after purchasing an additional 1,693,999 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Emerson Electric by 19.5% during the second quarter. Nordea Investment Management AB now owns 9,195,005 shares of the industrial products company’s stock worth $1,223,947,000 after purchasing an additional 1,499,000 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Emerson Electric by 210.8% during the first 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. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EMR has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Emerson Electric from $160.00 to $155.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Emerson Electric from $157.00 to $159.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Wolfe Research lowered their price objective on shares of Emerson Electric from $173.00 to $172.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Emerson Electric from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $148.28.

Emerson Electric Price Performance

EMR stock opened at $129.34 on Friday. The firm has a 50 day moving average price of $131.93 and a 200-day moving average price of $125.90. Emerson Electric Co. has a 52-week low of $90.06 and a 52-week high of $150.27. The firm has a market capitalization of $72.79 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.24 and a beta of 1.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85.

Emerson Electric (NYSE:EMR) last released its earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm had revenue of $3.16 billion during the quarter. Equities research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.11 annualized dividend and a dividend yield of 1.6%. Emerson Electric’s dividend payout ratio (DPR) is 45.38%.

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.