UBS Group Initiates Coverage on Emerson Electric (NYSE:EMR)

Analysts at UBS Group started coverage on shares of Emerson Electric (NYSE:EMR - Get Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. The firm set a "neutral" rating and a $135.00 price target on the industrial products company's stock. UBS Group's target price would suggest a potential upside of 3.72% from the stock's previous close.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company raised their target price on Emerson Electric from $128.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Barclays raised their target price on Emerson Electric from $103.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 6th. Stephens lowered Emerson Electric from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. BNP Paribas initiated coverage on Emerson Electric in a research report on Wednesday. They set an "outperform" rating and a $155.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered Emerson Electric from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Emerson Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

Emerson Electric Stock Up 1.4 %

Shares of EMR traded up $1.76 during midday trading on Wednesday, hitting $130.16. The company had a trading volume of 3,123,285 shares, compared to its average volume of 2,737,643. The company's 50-day simple moving average is $109.40 and its 200-day simple moving average is $109.56. 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 firm has a market capitalization of $74.54 billion, a P/E ratio of 38.39, a P/E/G ratio of 2.16 and a beta of 1.30. Emerson Electric has a 1 year low of $87.17 and a 1 year high of $131.56.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 in the company, valued at $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.25% of the company's stock.

Institutional Trading of Emerson Electric

A number of institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new stake in Emerson Electric during the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in Emerson Electric during the third quarter worth $29,000. Transcendent Capital Group LLC purchased a new stake in Emerson Electric during the first quarter worth $31,000. Meeder Asset Management Inc. boosted its position in Emerson Electric by 361.5% during the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Finally, Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the third quarter worth $33,000. 74.30% of the stock is currently owned by hedge funds and other 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.