Foundations Investment Advisors LLC Purchases 1,443 Shares of Emerson Electric Co. (NYSE:EMR)

Foundations Investment Advisors LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 34.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,588 shares of the industrial products company’s stock after acquiring an additional 1,443 shares during the period. Foundations Investment Advisors LLC’s holdings in Emerson Electric were worth $693,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EMR. Capital Performance Advisors LLP bought a new position in Emerson Electric in the 3rd quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new position in Emerson Electric during the fourth quarter valued at $27,000. Darwin Wealth Management LLC bought a new stake in Emerson Electric in the 3rd quarter valued at $29,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric in the 3rd quarter worth $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in shares of Emerson Electric during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Down 0.8 %

NYSE:EMR opened at $128.92 on Thursday. The stock has a market capitalization of $73.42 billion, a P/E ratio of 37.70, a P/E/G ratio of 2.22 and a beta of 1.35. Emerson Electric Co. has a fifty-two week low of $91.64 and a fifty-two week high of $134.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company’s 50-day simple moving average is $127.10 and its 200-day simple moving average is $116.19.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.64%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 15th. Emerson Electric’s payout ratio is 61.70%.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on EMR shares. Jefferies Financial Group assumed coverage on Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. Barclays boosted their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Daiwa Capital Markets assumed coverage on Emerson Electric in a research report on Tuesday. They issued an “outperform” rating and a $147.00 price target for the company. Robert W. Baird boosted their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on shares of Emerson Electric from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $136.45.

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.