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

UBS Group initiated 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 objective on the industrial products company’s stock.

A number of other equities analysts have also recently weighed in on EMR. Morgan Stanley assumed coverage on Emerson Electric in a research note on Friday, September 6th. They issued an “underweight” rating and a $105.00 price target on the stock. Robert W. Baird boosted their price target on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Barclays lifted their price objective on shares of Emerson Electric from $103.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. KeyCorp increased their target price on Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised Emerson Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $130.00.

Emerson Electric Price Performance

Shares of NYSE:EMR opened at $130.16 on Wednesday. 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 capitalization of $74.54 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30. The stock has a fifty day moving average of $109.98 and a 200-day moving average of $109.71. Emerson Electric has a one year low of $87.17 and a one year high of $131.56.

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 paid a $0.5275 dividend. 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. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.62%. Emerson Electric’s dividend payout ratio is currently 61.40%.

Insider Activity at Emerson Electric

In other Emerson Electric 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 transaction of $2,711,289.00. Following the sale, the senior vice president now directly owns 262,408 shares of the company’s stock, valued at approximately $33,052,911.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Emerson Electric

Several large investors have recently made changes to their positions in EMR. Vinva Investment Management Ltd acquired a new stake in shares of Emerson Electric during the third quarter worth approximately $599,000. Public Sector Pension Investment Board boosted its stake in Emerson Electric by 13.1% in the third quarter. Public Sector Pension Investment Board now owns 24,977 shares of the industrial products company’s stock worth $2,732,000 after purchasing an additional 2,900 shares in the last quarter. Financial Counselors Inc. grew its holdings in shares of Emerson Electric by 0.6% during the third quarter. Financial Counselors Inc. now owns 219,917 shares of the industrial products company’s stock worth $24,052,000 after purchasing an additional 1,242 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Emerson Electric by 3.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,523,394 shares of the industrial products company’s stock valued at $385,354,000 after buying an additional 132,186 shares during the last quarter. Finally, Fiduciary Trust Co lifted its position in Emerson Electric by 1.4% during the 3rd quarter. Fiduciary Trust Co now owns 151,845 shares of the industrial products company’s stock worth $16,607,000 after buying an additional 2,065 shares in the last quarter. 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.