Foundry Partners LLC Sells 10,459 Shares of Emerson Electric Co. (NYSE:EMR)

Foundry Partners LLC decreased its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 175,239 shares of the industrial products company's stock after selling 10,459 shares during the quarter. Emerson Electric comprises 1.0% of Foundry Partners LLC's investment portfolio, making the stock its 29th largest holding. Foundry Partners LLC's holdings in Emerson Electric were worth $19,213,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EMR. Hohimer Wealth Management LLC boosted its position in Emerson Electric by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 27,963 shares of the industrial products company's stock worth $3,066,000 after purchasing an additional 95 shares during the last quarter. Unison Advisors LLC boosted its position in Emerson Electric by 0.5% in the fourth quarter. Unison Advisors LLC now owns 21,213 shares of the industrial products company's stock worth $2,629,000 after purchasing an additional 98 shares during the last quarter. Texas Yale Capital Corp. boosted its position in Emerson Electric by 0.7% in the fourth quarter. Texas Yale Capital Corp. now owns 14,789 shares of the industrial products company's stock worth $1,833,000 after purchasing an additional 100 shares during the last quarter. Ecofi Investissements SA raised its stake in shares of Emerson Electric by 0.3% in the fourth quarter. Ecofi Investissements SA now owns 35,800 shares of the industrial products company's stock valued at $4,111,000 after buying an additional 100 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Emerson Electric by 5.3% in the first quarter. Rosenberg Matthew Hamilton now owns 2,017 shares of the industrial products company's stock valued at $221,000 after buying an additional 101 shares during the period. Institutional investors own 74.30% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on EMR shares. KeyCorp boosted their price objective on Emerson Electric from $150.00 to $155.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Robert W. Baird decreased their target price on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Barclays upped their target price on Emerson Electric from $118.00 to $125.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 9th. Wells Fargo & Company upped their target price on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Stephens upped their target price on Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.28.

Emerson Electric Stock Down 0.2%

EMR stock opened at $144.16 on Friday. The firm has a market cap of $81.09 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.80 and a beta of 1.29. The business has a 50 day moving average of $128.27 and a 200 day moving average of $119.56. Emerson Electric Co. has a twelve month low of $90.06 and a twelve month high of $145.28. The company has a quick ratio of 0.59, a current ratio of 0.80 and a debt-to-equity ratio of 0.42.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its 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. The business had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The company's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 16th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.46%. Emerson Electric's dividend payout ratio (DPR) is presently 50.48%.

Insiders Place Their Bets

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the stock in a transaction that occurred on 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 directly owned 164,957 shares of the company's stock, valued at approximately $18,694,576.81. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

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.

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