Emerson Electric (NYSE:EMR) Price Target Lowered to $140.00 at Wells Fargo & Company

Emerson Electric (NYSE:EMR) had its price objective lowered by Wells Fargo & Company from $145.00 to $140.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 16.32% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Stephens cut Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. UBS Group assumed coverage on shares of Emerson Electric in a research report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 price target for the company. Jefferies Financial Group started coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Finally, StockNews.com cut Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.84.

Emerson Electric Price Performance

Shares of EMR traded down $1.73 during trading hours on Tuesday, hitting $120.36. 441,764 shares of the company were exchanged, compared to its average volume of 1,505,517. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The company has a market capitalization of $68.55 billion, a PE ratio of 35.19, a PEG ratio of 2.20 and a beta of 1.35. The firm has a fifty day simple moving average of $126.20 and a 200-day simple moving average of $114.54. Emerson Electric has a one year low of $91.64 and a one year high of $134.85.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now owns 262,408 shares of the company’s stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Emerson Electric

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its position in Emerson Electric by 6.2% during the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company’s stock worth $2,822,858,000 after acquiring an additional 1,507,980 shares during the last quarter. Wellington Management Group LLP grew its holdings in Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company’s stock valued at $1,591,612,000 after buying an additional 581,102 shares during the last quarter. Geode Capital Management LLC increased its position in Emerson Electric by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company’s stock worth $1,247,570,000 after buying an additional 162,985 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Emerson Electric by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company’s stock worth $871,083,000 after buying an additional 375,470 shares during the last quarter. Finally, Newport Trust Company LLC bought a new stake in shares of Emerson Electric in the second quarter valued at approximately $574,908,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Company Profile

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.