Foundry Partners LLC Sells 22,160 Shares of Emerson Electric Co. (NYSE:EMR)

Foundry Partners LLC reduced its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 182,656 shares of the industrial products company's stock after selling 22,160 shares during the quarter. Emerson Electric comprises 1.1% of Foundry Partners LLC's holdings, making the stock its 21st biggest position. Foundry Partners LLC's holdings in Emerson Electric were worth $17,778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tobam increased its stake in shares of Emerson Electric by 2,275.0% in the 4th quarter. Tobam now owns 285 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 273 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $32,000. Certified Advisory Corp bought a new stake in shares of Emerson Electric in the 1st quarter valued at about $34,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $35,000. Finally, Morton Brown Family Wealth LLC bought a new stake in shares of Emerson Electric in the 4th quarter valued at about $39,000. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Down 0.7 %

Shares of Emerson Electric stock traded down $0.73 on Friday, reaching $108.58. 2,108,076 shares of the company were exchanged, compared to its average volume of 1,796,210. Emerson Electric Co. has a one year low of $76.94 and a one year high of $115.26. The company has a market capitalization of $61.98 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 1.88 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $109.98 and a 200 day moving average of $98.83.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.18. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business's revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current year.

Emerson Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, February 15th. Emerson Electric's dividend payout ratio (DPR) is presently 10.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EMR shares. Barclays upped their price target on Emerson Electric from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 2nd. Citigroup boosted their price objective on Emerson Electric from $120.00 to $133.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Berenberg Bank boosted their price objective on Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. UBS Group boosted their price objective on Emerson Electric from $95.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, March 21st. Finally, KeyCorp boosted their price objective on Emerson Electric from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.25.

Insider Activity at Emerson Electric

In related news, Director Mark A. Blinn sold 2,413 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

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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