Fisher Asset Management LLC Purchases 5,408 Shares of Emerson Electric Co. (NYSE:EMR)

Fisher Asset Management LLC grew its position in shares of Emerson Electric Co. (NYSE:EMR) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,711 shares of the industrial products company’s stock after purchasing an additional 5,408 shares during the period. Fisher Asset Management LLC’s holdings in Emerson Electric were worth $20,995,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Tobam boosted its stake in Emerson Electric by 2,275.0% in the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Emerson Electric in the 4th quarter worth $35,000. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the fourth quarter worth $39,000. MCF Advisors LLC grew its stake in shares of Emerson Electric by 1,484.6% during the fourth quarter. MCF Advisors LLC now owns 412 shares of the industrial products company’s stock valued at $40,000 after buying an additional 386 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Emerson Electric in the third quarter worth about $42,000. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EMR. Royal Bank of Canada raised their price target on Emerson Electric from $106.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Mizuho raised their target price on shares of Emerson Electric from $118.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. KeyCorp upped their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Bank of America raised their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, Barclays raised their target price on Emerson Electric from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Insider Activity

In related news, Director Mark A. Blinn sold 2,413 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now owns 9,591 shares in the company, valued at approximately $989,599.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $106.54 on Monday. The business has a fifty day simple moving average of $110.58 and a two-hundred day simple moving average of $99.74. The firm has a market capitalization of $60.81 billion, a P/E ratio of 5.55, a P/E/G ratio of 1.84 and a beta of 1.36. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric Co. has a 12 month low of $76.94 and a 12 month high of $115.26.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.04 by $0.18. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Emerson Electric’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts forecast that Emerson Electric Co. will post 5.4 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 16th were paid a $0.525 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.97%. Emerson Electric’s dividend payout ratio is currently 10.94%.

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.