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

Emerson Electric (NYSE:EMR) had its price target cut by analysts at Wells Fargo & Company from $145.00 to $140.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the industrial products company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 16.32% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird upped their target price on Emerson Electric from $117.00 to $118.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an “outperform” rating and a $155.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Loop Capital lifted their price target on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.84.

Emerson Electric Trading Down 1.4 %

Shares of EMR stock traded down $1.73 during mid-day trading on Tuesday, reaching $120.36. The company’s stock had a trading volume of 441,764 shares, compared to its average volume of 1,505,517. The company’s 50 day simple moving average is $126.20 and its 200-day simple moving average is $114.54. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. Emerson Electric has a 12-month low of $91.64 and a 12-month high of $134.85. The firm has a market capitalization of $68.55 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

Insider Transactions at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated 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 sale, the senior vice president now directly owns 262,408 shares in the company, valued at $33,052,911.68. The trade was 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. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Emerson Electric

Several large investors have recently bought and sold shares of EMR. Capital Performance Advisors LLP acquired a new position in shares of Emerson Electric during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Emerson Electric during the 3rd quarter valued at $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Emerson Electric in the 3rd quarter worth $33,000. Meeder Asset Management Inc. lifted its holdings in shares of Emerson Electric by 361.5% in the second quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company’s stock valued at $33,000 after buying an additional 235 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new position in Emerson Electric during the third quarter valued at about $33,000. Institutional investors and hedge funds own 74.30% of the company’s stock.

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.