Fisher Asset Management LLC Buys 365,386 Shares of Emerson Electric Co. (NYSE:EMR)

Fisher Asset Management LLC lifted its position in Emerson Electric Co. (NYSE:EMR) by 149.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 609,216 shares of the industrial products company’s stock after acquiring an additional 365,386 shares during the quarter. Fisher Asset Management LLC owned 0.11% of Emerson Electric worth $66,630,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the third quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in Emerson Electric in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 235 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in shares of Emerson Electric in the third quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC bought a new position in Emerson Electric in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Up 2.1 %

Emerson Electric stock opened at $132.79 on Tuesday. The business’s 50-day simple moving average is $114.63 and its two-hundred day simple moving average is $110.88. The company has a market cap of $75.72 billion, a PE ratio of 38.83, a PEG ratio of 2.18 and a beta of 1.30. Emerson Electric Co. has a fifty-two week low of $87.55 and a fifty-two week high of $133.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77.

Emerson Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.5275 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. Emerson Electric’s dividend payout ratio is 61.70%.

Insider Activity

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EMR. Oppenheimer upped their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Robert W. Baird increased their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp upped their target price on Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley assumed coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Finally, UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Emerson Electric Company Profile

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.