Jefferies Financial Group Begins Coverage on Emerson Electric (NYSE:EMR)

Research analysts at Jefferies Financial Group initiated coverage on shares of Emerson Electric (NYSE:EMR) in a note issued to investors on Thursday, MarketBeat reports. The firm set a “buy” rating and a $160.00 price target on the industrial products company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 22.90% from the stock’s previous close.

EMR has been the subject of a number of other research reports. Oppenheimer raised their target price on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $135.00 to $120.00 in a report on Wednesday, October 16th. KeyCorp increased their target price on Emerson Electric from $140.00 to $158.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group initiated coverage on Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price objective on the stock. Finally, Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $134.58.

Emerson Electric Stock Performance

Shares of NYSE EMR opened at $130.19 on Thursday. Emerson Electric has a 12 month low of $91.64 and a 12 month high of $134.85. The stock has a 50 day moving average of $121.17 and a 200-day moving average of $112.56. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $74.14 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.20 and a beta of 1.34.

Insider Buying and Selling

In other news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors and hedge funds have recently bought and sold shares of EMR. Triad Wealth Partners LLC bought a new stake in shares of Emerson Electric in the second quarter worth $61,000. Miracle Mile Advisors LLC increased its position in Emerson Electric by 11.0% during the 2nd quarter. Miracle Mile Advisors LLC now owns 20,330 shares of the industrial products company’s stock valued at $2,240,000 after purchasing an additional 2,012 shares during the period. Blue Trust Inc. raised its holdings in Emerson Electric by 9.3% during the 2nd quarter. Blue Trust Inc. now owns 4,048 shares of the industrial products company’s stock worth $459,000 after purchasing an additional 344 shares during the last quarter. Rovin Capital UT ADV lifted its position in shares of Emerson Electric by 10.8% in the 2nd quarter. Rovin Capital UT ADV now owns 3,891 shares of the industrial products company’s stock worth $429,000 after purchasing an additional 378 shares during the period. Finally, Gradient Investments LLC increased its position in shares of Emerson Electric by 538.3% during the second quarter. Gradient Investments LLC now owns 1,117 shares of the industrial products company’s stock worth $123,000 after buying an additional 942 shares during the period. Institutional investors and hedge funds 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.