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

by · The Cerbat Gem

Equities research analysts at UBS Group assumed coverage on shares of Emerson Electric (NYSE:EMR – Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a “neutral” rating and a $135.00 price target on the industrial products company’s stock. UBS Group’s target price suggests a potential upside of 3.34% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $135.00 to $120.00 in a research report on Wednesday, October 16th. KeyCorp lifted their price objective on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BNP Paribas assumed coverage on shares of Emerson Electric in a research note on Wednesday. They set an “outperform” rating and a $155.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays boosted their target price on shares of Emerson Electric from $103.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $130.00.

Check Out Our Latest Analysis on EMR

Emerson Electric Trading Up 1.7 %

NYSE:EMR traded up $2.24 during trading hours on Wednesday, hitting $130.64. The stock had a trading volume of 585,898 shares, compared to its average volume of 2,725,485. Emerson Electric has a one year low of $87.17 and a one year high of $131.05. 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 $74.82 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 2.17 and a beta of 1.30. The business’s 50 day moving average is $109.40 and its 200-day moving average is $109.56.

Insider Buying and Selling at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Emerson Electric

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Newport Trust Company LLC bought a new position in Emerson Electric in the 2nd quarter valued at $574,908,000. Legal & General Group Plc boosted its position in Emerson Electric by 5.2% during the second quarter. Legal & General Group Plc now owns 4,510,496 shares of the industrial products company’s stock valued at $496,877,000 after purchasing an additional 224,784 shares in the last quarter. Van ECK Associates Corp boosted its position in Emerson Electric by 107.2% during the third quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Emerson Electric by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,287,326 shares of the industrial products company’s stock valued at $359,535,000 after buying an additional 23,739 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Emerson Electric by 3.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,738,701 shares of the industrial products company’s stock valued at $297,653,000 after buying an additional 88,294 shares during the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Emerson Electric Company Profile

(Get Free Report)

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.

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