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

Equities research analysts at UBS Group started coverage on shares of Emerson Electric (NYSE:EMR) in a report released on Wednesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $135.00 price target on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 5.25% from the stock’s previous close.

EMR has been the topic of several other reports. Robert W. Baird increased their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. KeyCorp increased their target price on shares of Emerson Electric from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Down 0.2 %

NYSE EMR traded down $0.20 on Wednesday, hitting $128.27. 463,383 shares of the company were exchanged, compared to its average volume of 2,731,352. The company has a market cap of $73.14 billion, a PE ratio of 37.63, a PEG ratio of 2.18 and a beta of 1.30. Emerson Electric has a 12 month low of $87.17 and a 12 month high of $131.56. The stock has a fifty day moving average of $110.57 and a 200-day moving average of $109.84. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 262,408 shares in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the third quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new position in shares of Emerson Electric in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. boosted its position in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Emerson Electric in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

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.