Mystic Asset Management Inc. Buys Shares of 3,611 Emerson Electric Co. (NYSE:EMR)

Mystic Asset Management Inc. bought a new stake in Emerson Electric Co. (NYSE:EMR) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,611 shares of the industrial products company’s stock, valued at approximately $448,000.

A number of other large investors have also recently modified their holdings of the business. Haven Capital Group Inc. acquired a new stake in shares of Emerson Electric in the 4th quarter valued at $260,000. Axxcess Wealth Management LLC lifted its stake in shares of Emerson Electric by 7.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 54,112 shares of the industrial products company’s stock valued at $6,706,000 after acquiring an additional 3,698 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of Emerson Electric by 17.2% in the 4th quarter. Tocqueville Asset Management L.P. now owns 326,955 shares of the industrial products company’s stock valued at $40,520,000 after acquiring an additional 48,084 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Emerson Electric in the 4th quarter valued at $310,000. Finally, Cozad Asset Management Inc. lifted its stake in shares of Emerson Electric by 9.3% in the 4th quarter. Cozad Asset Management Inc. now owns 3,543 shares of the industrial products company’s stock valued at $439,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Stock Performance

EMR stock opened at $111.77 on Wednesday. The stock has a 50-day moving average price of $122.03 and a 200-day moving average price of $119.07. Emerson Electric Co. has a 1-year low of $96.62 and a 1-year high of $134.85. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a market cap of $63.02 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

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 return on equity of 12.08% and a net margin of 13.74%. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a dividend yield of 1.89%. Emerson Electric’s dividend payout ratio is presently 50.36%.

Analyst Ratings Changes

A number of brokerages have recently commented on EMR. Morgan Stanley increased their price target on Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a research note on Thursday, February 6th. Barclays cut Emerson Electric from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $135.00 to $110.00 in a research note on Monday, March 10th. Loop Capital increased their price target on Emerson Electric from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Wells Fargo & Company raised their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.22.

Emerson Electric 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.