Emerson Electric (NYSE:EMR) Coverage Initiated at UBS Group

Investment analysts at UBS Group assumed coverage on shares of Emerson Electric (NYSE:EMR) in a note issued to investors on Wednesday, Marketbeat reports. The firm set a “neutral” rating and a $135.00 price target on the industrial products company’s stock. UBS Group’s price objective would suggest a potential upside of 5.25% from the company’s previous close.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Barclays raised their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Price Performance

Shares of NYSE EMR traded down $0.20 during mid-day trading on Wednesday, hitting $128.27. 463,383 shares of the stock were exchanged, compared to its average volume of 2,731,352. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The company has a market cap of $73.14 billion, a P/E ratio of 37.63, a PEG ratio of 2.18 and a beta of 1.30. The stock’s fifty day simple moving average is $110.57 and its two-hundred day simple moving average is $109.84. Emerson Electric has a twelve month low of $87.17 and a twelve month high of $131.56.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction on 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 directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Several institutional investors have recently added to or reduced their stakes in EMR. Thrive Wealth Management LLC increased its position in Emerson Electric by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 91 shares during the period. LCM Capital Management Inc increased its position in Emerson Electric by 1.4% in the 2nd quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 91 shares during the period. Sabal Trust CO increased its position in Emerson Electric by 2.2% in the 2nd quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company’s stock valued at $475,000 after acquiring an additional 93 shares during the period. Catalyst Financial Partners LLC increased its position in Emerson Electric by 3.7% in the 2nd quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 94 shares during the period. Finally, Unison Advisors LLC increased its position in shares of Emerson Electric by 0.5% during the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company’s stock worth $2,315,000 after buying an additional 96 shares during the period. 74.30% of the stock is owned by institutional investors.

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.