Founders Financial Alliance LLC Boosts Holdings in Emerson Electric Co. (NYSE:EMR)

Founders Financial Alliance LLC lifted its stake in Emerson Electric Co. (NYSE:EMR) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,228 shares of the industrial products company’s stock after buying an additional 289 shares during the period. Founders Financial Alliance LLC’s holdings in Emerson Electric were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EMR. Orion Capital Management LLC purchased a new position in Emerson Electric during the 4th quarter worth $25,000. Vega Investment Solutions purchased a new position in Emerson Electric during the 4th quarter worth $27,000. Ameriflex Group Inc. purchased a new position in Emerson Electric during the 4th quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Emerson Electric during the 1st quarter worth $27,000. Finally, Inlight Wealth Management LLC purchased a new position in Emerson Electric during the 1st quarter worth $28,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Down 0.0%

Shares of NYSE EMR opened at $132.82 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.85 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 $150.27. The firm has a 50-day moving average price of $135.34 and a 200 day moving average price of $121.71. The stock has a market capitalization of $74.75 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 2.58 and a beta of 1.32.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. Equities research analysts anticipate that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.5275 per share. The ex-dividend date is Friday, August 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. Emerson Electric’s payout ratio is presently 45.38%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EMR shares. KeyCorp raised their price objective on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Bank of America lifted their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Barclays raised shares of Emerson Electric from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $125.00 to $127.00 in a report on Thursday. Finally, TD Cowen raised shares of Emerson Electric to a “strong-buy” rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.39.

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.