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

UBS Group started coverage on shares of Emerson Electric (NYSE:EMR) in a research note issued to investors on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $135.00 price target on the industrial products company’s stock.

Several other analysts have also recently commented on EMR. JPMorgan Chase & Co. cut shares of Emerson Electric from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $132.00 to $115.00 in a report on Wednesday, August 14th. StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays upped their price target on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley initiated coverage on Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric currently has an average rating of “Moderate Buy” and an average target price of $130.00.

Emerson Electric Stock Down 1.3 %

NYSE:EMR opened at $126.78 on Wednesday. Emerson Electric has a 1-year low of $87.17 and a 1-year high of $131.56. The firm has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.18 and a beta of 1.30. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $111.14 and its 200 day moving average price is $109.98.

Emerson Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 1.66%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Buying and Selling

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’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 in the company, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Several hedge funds have recently made changes to their positions in EMR. Newport Trust Company LLC acquired a new position in shares of Emerson Electric in the second quarter valued at $574,908,000. Pathway Financial Advisers LLC raised its stake in shares of Emerson Electric by 10,993.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,070,428 shares of the industrial products company’s stock valued at $226,443,000 after buying an additional 2,051,764 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company’s stock valued at $422,852,000 after acquiring an additional 2,016,075 shares in the last quarter. State Street Corp raised its position in Emerson Electric by 6.2% in the third quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after purchasing an additional 1,507,980 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after purchasing an additional 1,424,800 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

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.