Foundations Investment Advisors LLC Buys 55,895 Shares of Emerson Electric Co. (NYSE:EMR)

Foundations Investment Advisors LLC grew its stake in Emerson Electric Co. (NYSE:EMR) by 1,000.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,483 shares of the industrial products company’s stock after acquiring an additional 55,895 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Emerson Electric were worth $6,741,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EMR. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Emerson Electric by 3,866.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,022,517 shares of the industrial products company’s stock worth $374,581,000 after acquiring an additional 2,946,310 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Emerson Electric by 4,583.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,185,049 shares of the industrial products company’s stock worth $239,569,000 after purchasing an additional 2,138,397 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Emerson Electric by 210.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,966,453 shares of the industrial products company’s stock valued at $215,602,000 after purchasing an additional 1,333,839 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Emerson Electric by 12,707.7% during the first quarter. GAMMA Investing LLC now owns 1,126,441 shares of the industrial products company’s stock valued at $123,503,000 after purchasing an additional 1,117,646 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Emerson Electric by 230,061.8% during the fourth quarter. Lazard Asset Management LLC now owns 819,376 shares of the industrial products company’s stock valued at $101,545,000 after purchasing an additional 819,020 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird lowered their price target on Emerson Electric from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on Emerson Electric from $113.00 to $133.00 and gave the company a “neutral” rating in a report on Friday, May 16th. KeyCorp upped their price target on Emerson Electric from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. TD Cowen raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Bank of America increased their target price on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $142.28.

Insider Transactions at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of Emerson Electric stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $113.33, for a total transaction of $1,892,384.34. Following the sale, the chief executive officer owned 164,957 shares of the company’s stock, valued at approximately $18,694,576.81. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Emerson Electric Stock Down 0.1%

NYSE EMR opened at $149.47 on Tuesday. The stock’s 50-day moving average price is $131.42 and its 200-day moving average price is $120.60. 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 Co. has a 52 week low of $90.06 and a 52 week high of $149.84. The company has a market capitalization of $84.08 billion, a P/E ratio of 35.76, a price-to-earnings-growth ratio of 2.90 and a beta of 1.29.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. Emerson Electric had a return on equity of 13.22% and a net margin of 13.60%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities research analysts predict that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 16th were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, May 16th. Emerson Electric’s dividend payout ratio (DPR) is 50.48%.

Emerson Electric 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.