Emerson Electric Co.
Thesis
Emerson Electric is another high-quality industrial company that Tweedy, Browne bought during the market downturn, reflecting their strategy of investing in strong companies when prices are favorable. This indicates a belief in its resilience and future growth.
Did it work?
worked
confidence: high
The long thesis on Emerson Electric as a high-quality industrial bought at a favorable price has clearly played out: over ~18 years (214 months) the stock delivered +372.1% price appreciation (~9% annualized, higher with Emerson's historically substantial dividend). This multi-decade, strongly positive return validates the thesis of resilience and long-term growth, and the elapsed time far exceeds any reasonable holding horizon for this value-style pitch.