Emerson Electric (NYSE:EMR) has been given a $85.00 target price by stock analysts at UBS Group in a research note issued to investors on Thursday, www.stocktargetadvisor.com reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price objective suggests a potential upside of 24.11% from the stock’s current price.

Several other equities analysts have also issued reports on EMR. Cowen restated a “buy” rating and set a $81.00 price target on shares of Emerson Electric in a research note on Tuesday. Deutsche Bank set a $79.00 price objective on Emerson Electric and gave the company a “buy” rating in a research note on Wednesday. ValuEngine lowered Emerson Electric from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded Emerson Electric from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, October 4th. Finally, Argus upped their price objective on Emerson Electric from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $78.30.

EMR traded down $1.27 on Thursday, hitting $68.49. 4,236,030 shares of the stock traded hands, compared to its average volume of 3,930,861. Emerson Electric has a 52 week low of $57.47 and a 52 week high of $79.70. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $43.91 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 2.11 and a beta of 1.20.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.03). Emerson Electric had a net margin of 12.65% and a return on equity of 23.06%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that Emerson Electric will post 3.69 EPS for the current year.

In other news, President Edward L. Monser sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $76.10, for a total value of $4,566,000.00. Following the transaction, the president now directly owns 176,477 shares of the company’s stock, valued at approximately $13,429,899.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Steven J. Pelch sold 6,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $74.24, for a total value of $475,804.16. The disclosure for this sale can be found here. Insiders sold a total of 96,409 shares of company stock worth $7,317,004 over the last three months. 0.79% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Emerson Electric by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 23,145,471 shares of the industrial products company’s stock worth $1,600,277,000 after acquiring an additional 417,445 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Emerson Electric by 0.9% in the 2nd quarter. Northern Trust Corp now owns 9,540,319 shares of the industrial products company’s stock worth $659,617,000 after acquiring an additional 80,807 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Emerson Electric by 3,146,008.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock worth $717,967,000 after acquiring an additional 9,375,106 shares in the last quarter. American Century Companies Inc. lifted its holdings in Emerson Electric by 1.1% during the 2nd quarter. American Century Companies Inc. now owns 4,594,851 shares of the industrial products company’s stock worth $317,688,000 after buying an additional 51,585 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Emerson Electric by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,168,307 shares of the industrial products company’s stock worth $288,197,000 after buying an additional 62,727 shares in the last quarter. 70.33% of the stock is currently owned by institutional investors and hedge funds.

About Emerson Electric

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company's Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions.

Read More: Bull Market

Analyst Recommendations for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.