Emerson Electric Co. $EMR Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in Emerson Electric Co. (NYSE:EMR) by 9.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,327,433 shares of the industrial products company’s stock after acquiring an additional 900,724 shares during the period. Fisher Asset Management LLC’s holdings in Emerson Electric were worth $1,601,785,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. ABS Investment Management LLC acquired a new stake in shares of Emerson Electric during the second quarter worth $858,900,000. William Mack & Associates Inc. bought a new stake in Emerson Electric in the 3rd quarter valued at $25,000. Financial Management Professionals Inc. boosted its stake in Emerson Electric by 100.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 172 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 86 shares during the period. Next Level Wealth Planning LLC acquired a new position in Emerson Electric in the 3rd quarter worth $27,000. Finally, Quest 10 Wealth Builders Inc. increased its holdings in Emerson Electric by 113.3% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 192 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on EMR. Rothschild & Co Redburn lifted their price target on Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Citigroup upped their price objective on Emerson Electric from $182.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. BMO Capital Markets raised Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 1st. HSBC increased their price objective on Emerson Electric from $170.00 to $180.00 in a report on Thursday, August 6th. Finally, Stephens lifted their target price on Emerson Electric from $155.00 to $160.00 in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus target price of $175.58.

Emerson Electric Stock Up 0.1%

Emerson Electric stock opened at $167.22 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.36. Emerson Electric Co. has a 1-year low of $122.64 and a 1-year high of $172.00. The company has a fifty day simple moving average of $159.25 and a 200 day simple moving average of $147.99. The company has a market cap of $91.74 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a net margin of 14.15% and a return on equity of 18.08%. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the previous year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. Research analysts anticipate that Emerson Electric Co. will post 7.37 earnings per share for the current fiscal year.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 13th will be given a $0.5950 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.5550. This represents a $2.38 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th. Emerson Electric’s dividend payout ratio (DPR) is presently 46.44%.

Emerson Electric Profile

Emerson Electric Co. is a global technology and engineering company focused on automation. It develops products and systems that help industrial and commercial customers monitor and control operations, including measurement instruments, control systems, valves, actuators, and industrial software. The company serves customers across industries and regions worldwide. Its portfolio includes technologies for process and factory automation, as well as software used to design, operate, and optimize industrial facilities.