Emerson Electric Co. (NYSE:EMR) Holdings Raised by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,491 shares of the industrial products company’s stock after purchasing an additional 5,188 shares during the quarter. Fisher Asset Management LLC’s holdings in Emerson Electric were worth $20,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tobam raised its stake in shares of Emerson Electric by 2,275.0% during the fourth quarter. Tobam now owns 285 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. Security National Bank bought a new stake in Emerson Electric in the fourth quarter worth about $29,000. Cape Investment Advisory Inc. raised its position in Emerson Electric by 148.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 315 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 188 shares in the last quarter. Burkett Financial Services LLC bought a new stake in Emerson Electric in the fourth quarter worth about $32,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Emerson Electric in the fourth quarter worth about $35,000. 74.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EMR shares. Mizuho boosted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. UBS Group boosted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Citigroup boosted their price target on shares of Emerson Electric from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays upped their price objective on shares of Emerson Electric from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Finally, Robert W. Baird reduced their price objective on shares of Emerson Electric from $120.00 to $116.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.76.

Emerson Electric Price Performance

Shares of EMR opened at $108.69 on Wednesday. The company has a market capitalization of $62.18 billion, a price-to-earnings ratio of 5.82, a P/E/G ratio of 1.78 and a beta of 1.34. Emerson Electric Co. has a fifty-two week low of $83.10 and a fifty-two week high of $116.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.18 and a quick ratio of 0.87. The business’s 50-day moving average is $110.49 and its 200-day moving average is $104.72.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. Emerson Electric had a return on equity of 11.14% and a net margin of 64.97%. The company had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts expect that Emerson Electric Co. will post 5.47 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 17th were issued a $0.525 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.10 dividend on an annualized basis and a yield of 1.93%. Emerson Electric’s dividend payout ratio is currently 11.24%.

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.