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

UBS Group upgraded shares of Emerson Electric (NYSE:EMR) from a neutral rating to a buy rating in a research report released on Monday morning, Marketbeat reports. They currently have $168.00 price target on the industrial products company’s stock, up from their prior price target of $131.00.

Several other brokerages also recently issued reports on EMR. Evercore ISI initiated coverage on shares of Emerson Electric in a report on Monday, December 15th. They set an “outperform” rating and a $170.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Emerson Electric in a research note on Wednesday, October 8th. Barclays boosted their target price on Emerson Electric from $127.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, November 6th. Royal Bank Of Canada cut their price objective on Emerson Electric from $155.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $140.00 price objective (down previously from $150.00) on shares of Emerson Electric in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $150.18.

Emerson Electric Trading Up 5.2%

Shares of EMR opened at $142.88 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.41. The stock has a market cap of $80.34 billion, a PE ratio of 35.37, a PEG ratio of 2.21 and a beta of 1.26. Emerson Electric has a 1 year low of $90.06 and a 1 year high of $150.27. The stock has a 50 day simple moving average of $133.52 and a 200-day simple moving average of $134.37.

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

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.6%. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 14th. Emerson Electric’s payout ratio is currently 54.95%.

Emerson Electric declared that its board has initiated a share repurchase plan on Wednesday, November 5th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Emerson Electric

In related news, CEO Surendralal Lanca Karsanbhai sold 7,263 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $133.00, for a total transaction of $965,979.00. Following the completion of the sale, the chief executive officer directly owned 196,292 shares of the company’s stock, valued at $26,106,836. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Emerson Electric

A number of institutional investors have recently bought and sold shares of EMR. Darwin Wealth Management LLC bought a new position in shares of Emerson Electric in the 2nd quarter worth $29,000. Wealth Watch Advisors INC acquired a new position in Emerson Electric in the third quarter valued at about $33,000. Winnow Wealth LLC bought a new position in Emerson Electric during the second quarter worth about $34,000. PFS Partners LLC increased its stake in shares of Emerson Electric by 65.9% in the 2nd quarter. PFS Partners LLC now owns 272 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 108 shares during the last quarter. Finally, Traub Capital Management LLC acquired a new stake in shares of Emerson Electric in the 2nd quarter valued at approximately $37,000. 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.