Curi RMB Capital LLC Has $646,000 Holdings in Emerson Electric Co. $EMR

Key Points

• Curi RMB Capital LLC reduced its stake in Emerson Electric Co. by 58.4%, resulting in ownership of 5,888 shares after selling 8,256 shares during the first quarter of the year.
• Wellington Management Group and JPMorgan Chase increased their stakes in Emerson Electric by 6.9% and 9.3%, respectively, indicating strong institutional interest in the company.
• Emerson Electric reported $1.52 earnings per share for the most recent quarter, surpassing analysts' predictions, and announced a quarterly dividend of $0.5275 per share.

Curi RMB Capital LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 58.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,888 shares of the industrial products company's stock after selling 8,256 shares during the period. Curi RMB Capital LLC's holdings in Emerson Electric were worth $646,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in Emerson Electric by 218.7% in 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 buying an additional 1,693,999 shares in the last quarter. AQR Capital Management LLC grew its stake in Emerson Electric by 35.4% in the 1st quarter. AQR Capital Management LLC now owns 73,550 shares of the industrial products company's stock worth $7,928,000 after acquiring an additional 19,234 shares during the period. Amundi grew its stake in Emerson Electric by 6.7% in the 1st quarter. Amundi now owns 2,356,305 shares of the industrial products company's stock worth $240,084,000 after acquiring an additional 146,933 shares during the period. Ancora Advisors LLC grew its stake in Emerson Electric by 113.4% in the 1st quarter. Ancora Advisors LLC now owns 5,103 shares of the industrial products company's stock worth $560,000 after acquiring an additional 2,712 shares during the period. Finally, Aprio Wealth Management LLC acquired a new position in shares of Emerson Electric in the 1st quarter valued at $280,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 1.2%

EMR stock traded up $1.54 during midday trading on Wednesday, reaching $133.59. The company had a trading volume of 2,499,337 shares, compared to its average volume of 3,126,424. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $150.27. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $75.18 billion, a P/E ratio of 28.73, a PEG ratio of 2.59 and a beta of 1.30. The company has a 50 day moving average of $137.50 and a two-hundred day moving average of $122.52.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.51 by $0.01. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Emerson Electric's quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is currently 45.38%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EMR. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Stephens upped their target price on shares of Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen upgraded shares of Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.39.

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.