Emerson Electric (NYSE:EMR) Given New $140.00 Price Target at Morgan Stanley

Emerson Electric (NYSE:EMR) had its target price dropped by stock analysts at Morgan Stanley from $145.00 to $140.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley‘s price objective indicates a potential downside of 15.56% from the company’s current price.

Several other research analysts also recently commented on EMR. Mizuho lifted their target price on shares of Emerson Electric from $173.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 15th. Sanford C. Bernstein upped their price target on shares of Emerson Electric from $169.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, August 14th. TD Cowen raised their price target on Emerson Electric from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, September 25th. BMO Capital Markets raised Emerson Electric from a “hold” rating to a “strong-buy” rating in a research report on Sunday. Finally, Rothschild & Co Redburn lifted their price objective on Emerson Electric from $165.00 to $180.00 in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.96.

Emerson Electric Stock Performance

EMR stock traded down $0.16 during midday trading on Tuesday, hitting $165.80. 1,276,515 shares of the company traded hands, compared to its average volume of 2,953,255. Emerson Electric has a twelve month low of $122.64 and a twelve month high of $171.25. The stock has a market capitalization of $92.86 billion, a price-to-earnings ratio of 36.32, a price-to-earnings-growth ratio of 2.33 and a beta of 1.23. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The business has a 50 day simple moving average of $157.23 and a 200-day simple moving average of $147.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.03. The business had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. Emerson Electric’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, equities research analysts predict that Emerson Electric will post 6.56 earnings per share for the current year.

Insider Buying and Selling

In other Emerson Electric news, CEO Surendralal Karsanbhai sold 9,650 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the sale, the chief executive officer directly owned 271,743 shares of the company’s stock, valued at $43,997,909.13. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Raleigh Capital Management Inc. grew its holdings in shares of Emerson Electric by 21.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 363 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 63 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Emerson Electric by 1.1% in the third quarter. SeaCrest Wealth Management LLC now owns 5,828 shares of the industrial products company’s stock valued at $904,000 after purchasing an additional 64 shares in the last quarter. TOWER TRUST & INVESTMENT Co lifted its position in Emerson Electric by 0.8% in the third quarter. TOWER TRUST & INVESTMENT Co now owns 8,238 shares of the industrial products company’s stock worth $1,278,000 after purchasing an additional 66 shares during the period. Forvis Mazars Wealth Advisors LLC lifted its position in Emerson Electric by 0.6% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 12,044 shares of the industrial products company’s stock worth $1,868,000 after purchasing an additional 67 shares during the period. Finally, Raiffeisen Bank International AG boosted its stake in Emerson Electric by 0.5% during the second quarter. Raiffeisen Bank International AG now owns 14,777 shares of the industrial products company’s stock worth $2,110,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

About Emerson Electric

Emerson Electric Co (NYSE: EMR) is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.