Foundry Partners LLC Has $18.60 Million Stock Holdings in Emerson Electric Co. (NYSE:EMR)

Foundry Partners LLC boosted its position in shares of Emerson Electric Co. (NYSE:EMR) by 35.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,813 shares of the industrial products company’s stock after buying an additional 54,054 shares during the quarter. Emerson Electric makes up approximately 1.1% of Foundry Partners LLC’s holdings, making the stock its 22nd largest holding. Foundry Partners LLC’s holdings in Emerson Electric were worth $18,603,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $32,000. Certified Advisory Corp bought a new stake in shares of Emerson Electric during the 1st quarter valued at $34,000. OLD Mission Capital LLC bought a new stake in shares of Emerson Electric during the 4th quarter valued at $35,000. Kepos Capital LP bought a new stake in shares of Emerson Electric during the 4th quarter valued at $37,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Emerson Electric during the 4th quarter valued at $44,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Insiders Place Their Bets

In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the sale, the chief marketing officer now directly owns 11,870 shares in the company, valued at $1,161,598.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Emerson Electric news, CMO Vidya Ramnath sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $97.86, for a total transaction of $244,650.00. Following the completion of the sale, the chief marketing officer now directly owns 11,870 shares in the company, valued at $1,161,598.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lisa Flavin sold 48,718 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total transaction of $4,367,568.70. Following the transaction, the vice president now directly owns 51,748 shares in the company, valued at $4,639,208.20. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on EMR shares. Barclays started coverage on shares of Emerson Electric in a research report on Monday, August 28th. They set an “equal weight” rating and a $105.00 target price for the company. JPMorgan Chase & Co. upgraded shares of Emerson Electric from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $83.00 to $107.00 in a research report on Tuesday, August 22nd. Mizuho upped their price objective on shares of Emerson Electric from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, August 3rd. Morgan Stanley upped their price objective on shares of Emerson Electric from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Thursday, August 3rd. Finally, Argus upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Monday, August 28th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus price target of $105.67.

Emerson Electric Trading Up 0.8 %

Emerson Electric stock opened at $99.63 on Tuesday. The firm has a 50-day moving average of $95.35 and a 200-day moving average of $88.21. Emerson Electric Co. has a one year low of $72.40 and a one year high of $100.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.38 and a quick ratio of 2.07. The company has a market cap of $57.18 billion, a price-to-earnings ratio of 4.36, a P/E/G ratio of 2.32 and a beta of 1.39.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.20. Emerson Electric had a net margin of 80.41% and a return on equity of 14.27%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.89 billion. On average, equities analysts expect that Emerson Electric Co. will post 4.44 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 11th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $2.08 annualized dividend and a yield of 2.09%. Emerson Electric’s dividend payout ratio (DPR) is presently 9.09%.

Emerson Electric Company Profile

Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, AspenTech, and Commercial & Residential Solutions segments.