Fisher Asset Management LLC Buys 1,426,718 Shares of Emerson Electric Co. (NYSE:EMR)

Fisher Asset Management LLC lifted its holdings in Emerson Electric Co. (NYSE:EMR) by 234.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,035,934 shares of the industrial products company’s stock after purchasing an additional 1,426,718 shares during the period. Fisher Asset Management LLC owned 0.36% of Emerson Electric worth $252,313,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EMR. State Street Corp increased its stake in Emerson Electric by 6.2% during the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock valued at $2,822,858,000 after acquiring an additional 1,507,980 shares during the period. Wellington Management Group LLP boosted its holdings in Emerson Electric by 4.2% during the third quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after purchasing an additional 581,102 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock valued at $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock valued at $871,083,000 after purchasing an additional 375,470 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $121.62 on Friday. The firm has a fifty day moving average of $124.57 and a two-hundred day moving average of $118.08. The stock has a market capitalization of $68.58 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 2.49 and a beta of 1.34. Emerson Electric Co. has a 52 week low of $96.62 and a 52 week high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. As a group, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

A number of research firms have weighed in on EMR. Loop Capital lifted their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Daiwa America raised Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price on the stock. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.90.

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.