Morgan Stanley Has Lowered Expectations for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR) had its target price reduced by analysts at Morgan Stanley from $145.00 to $140.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the industrial products company’s stock. Morgan Stanley‘s price objective points to a potential downside of 15.56% from the stock’s current price.

EMR has been the subject of a number of other research reports. Evercore cut their target price on shares of Emerson Electric from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, August 31st. Weiss Ratings raised shares of Emerson Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. BNP Paribas Exane lifted their price objective on Emerson Electric from $180.00 to $185.00 in a report on Thursday, August 6th. Rothschild & Co Redburn increased their target price on Emerson Electric from $165.00 to $180.00 in a report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their target price on Emerson Electric from $179.00 to $188.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.96.

Emerson Electric Price Performance

Shares of NYSE:EMR traded down $0.16 during midday trading on Tuesday, reaching $165.80. 1,276,515 shares of the company’s stock traded hands, compared to its average volume of 2,953,255. Emerson Electric has a 1 year low of $122.64 and a 1 year high of $171.25. The company has a market cap of $92.86 billion, a P/E ratio of 36.32, a PEG ratio of 2.33 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.66 and a current ratio of 0.90. The company has a fifty day simple moving average of $157.23 and a two-hundred day simple moving average of $147.26.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.68 by $0.03. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.80 billion. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Equities analysts predict that Emerson Electric will post 6.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total transaction of $1,562,431.50. Following the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at $43,997,909.13. The trade was a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On Emerson Electric

A number of institutional investors have recently added to or reduced their stakes in the stock. Plancorp LLC raised its holdings in shares of Emerson Electric by 1.4% during the 3rd quarter. Plancorp LLC now owns 275,361 shares of the industrial products company’s stock valued at $45,418,000 after purchasing an additional 3,719 shares in the last quarter. May Hill Capital LLC lifted its stake in shares of Emerson Electric by 7.4% in the 3rd quarter. May Hill Capital LLC now owns 3,654 shares of the industrial products company’s stock valued at $567,000 after purchasing an additional 251 shares during the last quarter. Waycross Partners LLC increased its position in Emerson Electric by 13.7% during the third quarter. Waycross Partners LLC now owns 206,426 shares of the industrial products company’s stock worth $32,017,000 after buying an additional 24,931 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in Emerson Electric by 30.1% during the third quarter. Ashton Thomas Private Wealth LLC now owns 22,898 shares of the industrial products company’s stock valued at $3,552,000 after buying an additional 5,291 shares in the last quarter. Finally, Asset One Wealth Management LLC raised its holdings in Emerson Electric by 9.8% during the third quarter. Asset One Wealth Management LLC now owns 2,470 shares of the industrial products company’s stock valued at $383,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors 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.