Haven Capital Group Inc. Makes New Investment in Emerson Electric Co. (NYSE:EMR)

Haven Capital Group Inc. acquired a new position in Emerson Electric Co. (NYSE:EMR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,100 shares of the industrial products company’s stock, valued at approximately $260,000.

Several other hedge funds have also bought and sold shares of the stock. Axxcess Wealth Management LLC lifted its position in shares of Emerson Electric by 7.3% during 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 buying an additional 3,698 shares in the last quarter. Tocqueville Asset Management L.P. lifted its position in shares of Emerson Electric by 17.2% during 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 buying an additional 48,084 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new position in shares of Emerson Electric during the 4th quarter valued at approximately $310,000. Cozad Asset Management Inc. lifted its position in shares of Emerson Electric by 9.3% during the 4th quarter. Cozad Asset Management Inc. now owns 3,543 shares of the industrial products company’s stock valued at $439,000 after buying an additional 300 shares in the last quarter. Finally, Cibc World Markets Corp lifted its position in shares of Emerson Electric by 15.9% during the 4th quarter. Cibc World Markets Corp now owns 90,065 shares of the industrial products company’s stock valued at $11,162,000 after buying an additional 12,324 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Daiwa Capital Markets assumed coverage on Emerson Electric in a report on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price objective on the stock. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a report on Tuesday, January 28th. KeyCorp raised their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have assigned 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, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus price target of $136.22.

Emerson Electric Stock Up 1.5 %

Shares of NYSE:EMR opened at $113.58 on Tuesday. The business has a 50-day moving average price of $122.21 and a 200 day moving average price of $119.03. 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 company has a market capitalization of $64.05 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 2.49 and a beta of 1.36. Emerson Electric Co. has a 12-month low of $96.62 and a 12-month high of $134.85.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts expect that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were given a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio is currently 50.36%.

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.