Foundations Investment Advisors LLC Increases Holdings in Emerson Electric Co. (NYSE:EMR)

Key Points

• Foundations Investment Advisors LLC increased its holdings in Emerson Electric by 1,000.3%, acquiring an additional 55,895 shares, bringing their total to 61,483 shares valued at approximately $6.74 million.
• Several hedge funds significantly boosted their stakes in Emerson Electric, with some increasing holdings by percentages exceeding 4,500%.
• A variety of analysts have updated their ratings on Emerson Electric, with price targets ranging from $130.00 to $155.00, indicating a generally positive outlook based on an average rating of "Moderate Buy".

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

Several other institutional investors have also recently made changes to their positions in EMR. Maridea Wealth Management LLC bought a new position in Emerson Electric in the first quarter valued at $233,000. Norden Group LLC grew its stake in shares of Emerson Electric by 22.7% during the first quarter. Norden Group LLC now owns 3,393 shares of the industrial products company's stock valued at $372,000 after buying an additional 628 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Emerson Electric by 1,053.8% during the first quarter. Mackenzie Financial Corp now owns 798,748 shares of the industrial products company's stock valued at $87,575,000 after buying an additional 729,523 shares during the last quarter. Prosperity Consulting Group LLC grew its stake in shares of Emerson Electric by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 3,213 shares of the industrial products company's stock valued at $352,000 after buying an additional 105 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its stake in shares of Emerson Electric by 5.5% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 2,127 shares of the industrial products company's stock valued at $233,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company's stock.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of analyst reports. KeyCorp increased their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Bank of America increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Stephens raised their price objective on shares of Emerson Electric from $130.00 to $145.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, TD Cowen raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.28.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 16,698 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 164,957 shares in the company, valued at $18,694,576.81. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Emerson Electric Stock Performance

Shares of EMR stock traded down $4.55 during mid-day trading on Friday, reaching $140.97. 2,173,423 shares of the company's stock traded hands, compared to its average volume of 3,070,113. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 0.80. Emerson Electric Co. has a 12 month low of $90.06 and a 12 month high of $150.27. The firm has a 50 day moving average price of $133.17 and a two-hundred day moving average price of $121.15. The firm has a market capitalization of $79.29 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 2.83 and a beta of 1.29.

Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Emerson Electric had a net margin of 13.60% and a return on equity of 13.22%. The company had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.42 billion. During the same quarter in the previous year, the company earned $1.36 EPS. Emerson Electric's revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 16th were paid a $0.5275 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.11 annualized dividend and a yield of 1.5%. Emerson Electric's payout ratio is presently 50.48%.

About Emerson Electric

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.