Fisher Funds Management LTD Purchases Shares of 109,997 Emerson Electric Co. (NYSE:EMR)

Fisher Funds Management LTD acquired a new position in shares of Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 109,997 shares of the industrial products company’s stock, valued at approximately $13,637,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Emerson Electric by 1.3% during the fourth quarter. First Horizon Advisors Inc. now owns 206,748 shares of the industrial products company’s stock valued at $25,622,000 after purchasing an additional 2,639 shares in the last quarter. Redmond Asset Management LLC raised its position in shares of Emerson Electric by 4.6% during the 4th quarter. Redmond Asset Management LLC now owns 2,260 shares of the industrial products company’s stock valued at $280,000 after buying an additional 100 shares in the last quarter. Greystone Financial Group LLC lifted its holdings in shares of Emerson Electric by 2.3% in the 4th quarter. Greystone Financial Group LLC now owns 72,714 shares of the industrial products company’s stock valued at $9,011,000 after acquiring an additional 1,618 shares during the last quarter. Transcend Capital Advisors LLC grew its position in Emerson Electric by 4.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,772 shares of the industrial products company’s stock worth $591,000 after acquiring an additional 198 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its stake in Emerson Electric by 0.5% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 33,901 shares of the industrial products company’s stock worth $4,201,000 after acquiring an additional 176 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on EMR shares. Loop Capital lifted their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. BNP Paribas initiated coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective for the company. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. KeyCorp lifted their price target on shares of Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Daiwa Capital Markets began coverage on shares of Emerson Electric in a research report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emerson Electric currently has a consensus rating of “Moderate Buy” and an average price target of $136.90.

Emerson Electric Stock Performance

EMR stock opened at $121.88 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The business has a 50-day moving average price of $125.08 and a 200 day moving average price of $117.57. The company has a market capitalization of $68.73 billion, a P/E ratio of 29.09, a PEG ratio of 2.49 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, topping 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 forecast that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Announces Dividend

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

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.