Foundations Investment Advisors LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR – Free Report) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,186 shares of the industrial products company’s stock after purchasing an additional 15,681 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Emerson Electric were worth $12,899,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in EMR. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of Emerson Electric by 229.1% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 46,467 shares of the industrial products company’s stock worth $6,167,000 after buying an additional 32,346 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Emerson Electric during the third quarter worth about $950,000. Cahill Financial Advisors Inc. purchased a new position in shares of Emerson Electric during the third quarter worth about $823,000. Vanguard Group Inc. grew its holdings in shares of Emerson Electric by 0.4% during the third quarter. Vanguard Group Inc. now owns 54,330,938 shares of the industrial products company’s stock worth $7,127,132,000 after buying an additional 201,040 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in Emerson Electric by 88.4% in the third quarter. Wedbush Securities Inc. now owns 19,197 shares of the industrial products company’s stock valued at $2,518,000 after purchasing an additional 9,009 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.
Emerson Electric Stock Performance
EMR opened at $139.68 on Thursday. The stock has a market cap of $78.24 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.25 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.87 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $136.81 and its 200 day simple moving average is $139.46. Emerson Electric Co. has a 1-year low of $117.16 and a 1-year high of $165.15.
Emerson Electric Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 15th. Emerson Electric’s payout ratio is currently 51.27%.
Insider Activity
In related news, CEO Surendralal Lanca Karsanbhai sold 5,700 shares of Emerson Electric stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $142.32, for a total transaction of $811,224.00. Following the completion of the transaction, the chief executive officer directly owned 281,393 shares in the company, valued at $40,047,851.76. The trade was a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
EMR has been the subject of a number of recent analyst reports. Wolfe Research reduced their price objective on shares of Emerson Electric from $176.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, April 8th. Royal Bank Of Canada raised their price objective on shares of Emerson Electric from $161.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Citigroup raised their price objective on shares of Emerson Electric from $165.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. KeyCorp raised their price objective on shares of Emerson Electric from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, BMO Capital Markets raised their price objective on shares of Emerson Electric from $150.00 to $157.00 in a research report on Friday, May 8th. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $163.24.
Emerson Electric Profile
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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