Emerson Electric Co. (NYSE:EMR) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its stake in Emerson Electric Co. (NYSE:EMRFree Report) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 204,816 shares of the industrial products company’s stock after selling 997 shares during the period. Emerson Electric comprises 1.2% of Foundry Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Foundry Partners LLC’s holdings in Emerson Electric were worth $19,779,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new stake in Emerson Electric during the fourth quarter worth about $32,000. Certified Advisory Corp acquired a new position in shares of Emerson Electric in the first quarter worth $34,000. Wolff Wiese Magana LLC grew its stake in Emerson Electric by 122.7% during the 2nd quarter. Wolff Wiese Magana LLC now owns 363 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. West Tower Group LLC purchased a new position in shares of Emerson Electric in the 2nd quarter valued at about $35,000. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Emerson Electric during the third quarter worth approximately $42,000. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Surendralal Lanca Karsanbhai bought 10,000 shares of Emerson Electric stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average price of $88.20 per share, for a total transaction of $882,000.00. Following the completion of the acquisition, the chief executive officer now owns 148,542 shares of the company’s stock, valued at $13,101,404.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

NYSE EMR traded up $0.04 on Monday, hitting $103.24. 598,718 shares of the company’s stock were exchanged, compared to its average volume of 2,791,538. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The firm’s 50-day moving average price is $94.78 and its two-hundred day moving average price is $94.15. The firm has a market cap of $59.02 billion, a price-to-earnings ratio of 5.38, a P/E/G ratio of 1.80 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $76.94 and a fifty-two week high of $105.71.

Emerson Electric (NYSE:EMRGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts expect that Emerson Electric Co. will post 5.38 EPS for the current year.

Emerson Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 16th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.03%. Emerson Electric’s dividend payout ratio (DPR) is presently 10.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EMR shares. Wells Fargo & Company increased their price objective on shares of Emerson Electric from $100.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, December 19th. Stephens dropped their price objective on Emerson Electric from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, November 10th. StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Barclays raised their price objective on shares of Emerson Electric from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Mizuho increased their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.06.

Check Out Our Latest Report on Emerson Electric

Emerson Electric Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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