Foundations Investment Advisors LLC Has $9.77 Million Position in Emerson Electric Co. $EMR

Foundations Investment Advisors LLC grew its holdings in Emerson Electric Co. (NYSE:EMR) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,268 shares of the industrial products company’s stock after purchasing an additional 11,785 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Emerson Electric were worth $9,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in EMR. Davis Investment Partners LLC acquired a new stake in shares of Emerson Electric during the 2nd quarter worth approximately $692,000. CORDA Investment Management LLC. acquired a new stake in Emerson Electric in the second quarter worth $1,173,000. Boyd Watterson Asset Management LLC OH increased its stake in Emerson Electric by 13.8% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock valued at $1,877,000 after purchasing an additional 2,071 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Emerson Electric by 1.6% during the first quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after purchasing an additional 11,097 shares during the period. Finally, DnB Asset Management AS boosted its position in shares of Emerson Electric by 5.6% during the 1st quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock worth $100,503,000 after purchasing an additional 48,226 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EMR shares. JPMorgan Chase & Co. decreased their target price on Emerson Electric from $151.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Royal Bank Of Canada lowered their target price on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Jefferies Financial Group cut their target price on Emerson Electric from $160.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Barclays upped their price objective on shares of Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $140.00 price objective (down from $150.00) on shares of Emerson Electric in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.00.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $127.48 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market cap of $71.62 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. The stock’s fifty day simple moving average is $132.16 and its two-hundred day simple moving average is $130.65. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The company had revenue of $3.16 billion for the quarter. As a group, analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $0.555 dividend. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.22 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, November 14th. Emerson Electric’s dividend payout ratio is currently 54.95%.

Emerson Electric declared that its board has authorized a stock buyback program on Wednesday, November 5th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.