Emerson Electric (EMR) Research Coverage Started at UBS Group

Equities research analysts at UBS Group started coverage on shares of Emerson Electric (NYSE:EMR) in a research report issued on Monday, The Fly reports. The firm set a “buy” rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on EMR. Wells Fargo & Co restated a “market perform” rating and issued a $73.00 price objective (up from $65.00) on shares of Emerson Electric in a report on Thursday. Zacks Investment Research upgraded Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Morgan Stanley restated an “equal weight” rating and issued a $67.00 price objective (up from $64.00) on shares of Emerson Electric in a report on Monday, October 2nd. Citigroup set a $61.00 price objective on Emerson Electric and gave the stock a “sell” rating in a report on Tuesday, November 28th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $75.00 price objective on shares of Emerson Electric in a report on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.43.

Emerson Electric (NYSE EMR) traded up $0.12 during midday trading on Monday, reaching $73.26. The company had a trading volume of 3,483,025 shares, compared to its average volume of 3,103,129. Emerson Electric has a 1 year low of $56.77 and a 1 year high of $74.45. The stock has a market capitalization of $47,020.00, a P/E ratio of 28.62, a PEG ratio of 2.66 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a return on equity of 20.47% and a net margin of 9.94%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. sell-side analysts predict that Emerson Electric will post 2.96 EPS for the current fiscal year.

In related news, VP Bell Katherine Button sold 7,909 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $64.78, for a total transaction of $512,345.02. Following the sale, the vice president now directly owns 44,628 shares in the company, valued at approximately $2,891,001.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the sale, the vice president now owns 178,743 shares in the company, valued at $11,577,184.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,017 shares of company stock worth $1,771,129. Company insiders own 0.84% of the company’s stock.

Several large investors have recently made changes to their positions in EMR. Tower Research Capital LLC TRC acquired a new stake in Emerson Electric during the 2nd quarter valued at approximately $109,000. Intellectus Partners LLC grew its stake in Emerson Electric by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 2,094 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 7 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Emerson Electric during the 2nd quarter valued at approximately $129,000. AT Bancorp acquired a new stake in Emerson Electric during the 2nd quarter valued at approximately $139,000. Finally, Cable Hill Partners LLC acquired a new stake in Emerson Electric during the 3rd quarter valued at approximately $151,000. Institutional investors and hedge funds own 69.20% of the company’s stock.

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Emerson Electric Company Profile

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.

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