Emerson Electric (NYSE:EMR) Raised to Buy at UBS Group

Emerson Electric (NYSE:EMR) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Monday,Benzinga reports. The brokerage currently has a $168.00 price target on the industrial products company’s stock, up from their previous price target of $131.00. UBS Group’s price objective indicates a potential upside of 23.68% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on EMR. Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price target (down from $150.00) on shares of Emerson Electric in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Emerson Electric in a report on Wednesday, October 8th. Evercore ISI assumed coverage on Emerson Electric in a research report on Monday, December 15th. They set an “outperform” rating and a $170.00 price target on the stock. Daiwa Capital Markets increased their price objective on Emerson Electric from $150.00 to $153.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Finally, Barclays lifted their target price on shares of Emerson Electric from $127.00 to $135.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Emerson Electric presently has a consensus rating of “Moderate Buy” and an average target price of $150.18.

Emerson Electric Price Performance

Emerson Electric stock opened at $135.83 on Monday. The stock has a market cap of $76.38 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 2.21 and a beta of 1.26. The company has a fifty day simple moving average of $133.35 and a 200-day simple moving average of $134.27. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. Emerson Electric has a 12-month low of $90.06 and a 12-month high of $150.27.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share (EPS) for the quarter. Emerson Electric had a return on equity of 15.87% and a net margin of 12.73%.The company had revenue of $3.16 billion during the quarter. Equities analysts expect that Emerson Electric will post 5.96 EPS for the current fiscal year.

Emerson Electric declared that its board has initiated a stock repurchase program on Wednesday, November 5th that permits the company to buyback $0.00 in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Emerson Electric

In other Emerson Electric news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $133.00, for a total value of $965,979.00. Following the completion of the transaction, the chief executive officer owned 196,292 shares in the company, valued at approximately $26,106,836. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.23% of the company’s stock.

Institutional Trading of Emerson Electric

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Emerson Electric in the second quarter valued at $918,830,000. JPMorgan Chase & Co. lifted its holdings in Emerson Electric by 75.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,538,402 shares of the industrial products company’s stock valued at $1,671,762,000 after purchasing an additional 5,371,585 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Emerson Electric by 51.6% during the 2nd quarter. Schroder Investment Management Group now owns 6,346,398 shares of the industrial products company’s stock worth $846,165,000 after purchasing an additional 2,159,126 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Emerson Electric by 185.7% during the third quarter. Ameriprise Financial Inc. now owns 3,192,982 shares of the industrial products company’s stock worth $418,730,000 after buying an additional 2,075,425 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Emerson Electric by 43.0% in the second quarter. Fisher Asset Management LLC now owns 5,193,448 shares of the industrial products company’s stock valued at $692,442,000 after buying an additional 1,561,600 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Emerson Electric Company Profile

Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.

Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.