Emerson Electric (NYSE:EMR) Research Coverage Started at UBS Group

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

Other analysts also recently issued reports about the company. Wells Fargo & Company increased their price target on Emerson Electric from $128.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. KeyCorp increased their price target 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. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley assumed coverage on shares of Emerson Electric in a research note on Friday, September 6th. They set an “underweight” rating and a $105.00 price target for the company. Finally, BNP Paribas started coverage on Emerson Electric in a report on Wednesday. They set an “outperform” rating and a $155.00 price objective for the company. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Emerson Electric Stock Performance

Shares of Emerson Electric stock opened at $126.78 on Wednesday. The company has a market cap of $72.29 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric has a 52 week low of $87.17 and a 52 week high of $131.56. The business has a 50 day moving average price of $110.57 and a 200-day moving average price of $109.84.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.5275 per share. 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 of this dividend is Friday, November 15th. Emerson Electric’s dividend payout ratio is currently 61.70%.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the firm’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 value of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Kingsview Wealth Management LLC increased its stake in Emerson Electric by 11.9% in the first quarter. Kingsview Wealth Management LLC now owns 69,615 shares of the industrial products company’s stock worth $7,896,000 after purchasing an additional 7,418 shares during the period. Blair William & Co. IL lifted its holdings in Emerson Electric by 16.6% during the 1st quarter. Blair William & Co. IL now owns 461,895 shares of the industrial products company’s stock valued at $52,388,000 after buying an additional 65,905 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Emerson Electric by 1.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 18,028 shares of the industrial products company’s stock worth $2,045,000 after acquiring an additional 292 shares in the last quarter. TCTC Holdings LLC increased its position in shares of Emerson Electric by 0.3% during the first quarter. TCTC Holdings LLC now owns 110,887 shares of the industrial products company’s stock worth $12,577,000 after acquiring an additional 348 shares during the period. Finally, Tocqueville Asset Management L.P. raised its stake in shares of Emerson Electric by 9.8% during the first quarter. Tocqueville Asset Management L.P. now owns 276,988 shares of the industrial products company’s stock valued at $31,416,000 after acquiring an additional 24,835 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.