Curat Global LLC Acquires Shares of 5,443 Emerson Electric Co. (NYSE:EMR)

Curat Global LLC bought a new position in Emerson Electric Co. (NYSE:EMR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,443 shares of the industrial products company's stock, valued at approximately $597,000.

A number of other hedge funds also recently bought and sold shares of the company. Mcdonald Partners LLC raised its position in shares of Emerson Electric by 0.6% during the 4th quarter. Mcdonald Partners LLC now owns 14,207 shares of the industrial products company's stock valued at $1,761,000 after purchasing an additional 81 shares during the period. Little House Capital LLC raised its position in shares of Emerson Electric by 0.5% during the 4th quarter. Little House Capital LLC now owns 17,009 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 89 shares during the period. Pittenger & Anderson Inc. increased its holdings in Emerson Electric by 0.3% in the 4th quarter. Pittenger & Anderson Inc. now owns 36,035 shares of the industrial products company's stock valued at $4,466,000 after acquiring an additional 95 shares during the last quarter. Unison Advisors LLC increased its holdings in Emerson Electric by 0.5% in the 4th quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock valued at $2,629,000 after acquiring an additional 98 shares during the last quarter. Finally, Redmond Asset Management LLC increased its holdings in Emerson Electric by 4.6% in the 4th quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company's stock valued at $280,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the topic of a number of research reports. 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 report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the company a "neutral" rating in a report on Friday, May 16th. 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 report on Tuesday, April 8th. 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 report on Wednesday. Finally, 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 report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and a consensus price target of $134.65.

Emerson Electric Trading Up 1.0%

Shares of EMR stock traded up $1.18 during trading hours on Friday, reaching $123.68. 2,668,599 shares of the stock were exchanged, compared to its average volume of 2,928,985. Emerson Electric Co. has a 12-month low of $90.06 and a 12-month high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The company's 50-day moving average price is $109.43 and its 200-day moving average price is $118.61. The firm has a market capitalization of $69.57 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The firm had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. During the same period in the previous year, the company earned $1.36 EPS. The firm's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a dividend of $0.5275 per share. The ex-dividend date is Friday, May 16th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.71%. Emerson Electric's dividend payout ratio is presently 50.48%.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $113.33, for a total value of $1,892,384.34. Following the completion of the sale, the chief executive officer now directly owns 164,957 shares of the company's stock, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.