Emerson Electric (NYSE:EMR) PT Lowered to $95.00 at Morgan Stanley

Emerson Electric (NYSE:EMRGet Rating) had its price objective reduced by equities researchers at Morgan Stanley from $101.00 to $95.00 in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 8.18% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft decreased their price target on Emerson Electric from $114.00 to $110.00 in a report on Thursday, May 5th. Citigroup decreased their price target on Emerson Electric from $119.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, May 17th. Oppenheimer decreased their price target on Emerson Electric from $115.00 to $110.00 in a report on Monday, May 9th. StockNews.com initiated coverage on Emerson Electric in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Barclays lowered their target price on Emerson Electric from $92.00 to $87.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 24th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Emerson Electric presently has an average rating of “Buy” and a consensus target price of $105.42.

EMR traded down $0.58 during trading on Tuesday, hitting $87.82. 33,921 shares of the company’s stock traded hands, compared to its average volume of 3,405,648. The stock has a market capitalization of $52.17 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.99 and a beta of 1.42. Emerson Electric has a 12-month low of $81.01 and a 12-month high of $105.99. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.77. The company’s 50 day simple moving average is $91.36 and its two-hundred day simple moving average is $92.72.

Emerson Electric (NYSE:EMRGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.71 billion. Emerson Electric had a return on equity of 27.72% and a net margin of 15.16%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, equities analysts expect that Emerson Electric will post 5.05 EPS for the current year.

In related news, insider Mark J. Bulanda sold 4,574 shares of the firm’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $97.35, for a total transaction of $445,278.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.78% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Walleye Capital LLC purchased a new position in Emerson Electric during the first quarter worth about $18,158,000. WealthTrust Asset Management LLC purchased a new stake in shares of Emerson Electric in the 1st quarter valued at approximately $203,000. Kestra Private Wealth Services LLC raised its stake in shares of Emerson Electric by 5.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 17,441 shares of the industrial products company’s stock valued at $1,710,000 after acquiring an additional 916 shares during the period. Fortitude Advisory Group L.L.C. grew its stake in shares of Emerson Electric by 19.9% in the first quarter. Fortitude Advisory Group L.L.C. now owns 5,325 shares of the industrial products company’s stock worth $522,000 after acquiring an additional 883 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new stake in shares of Emerson Electric in the first quarter valued at $360,000. 73.50% of the stock is currently owned by hedge funds and other institutional investors.

About Emerson Electric (Get Rating)

Emerson Electric Co designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. The company operates through Automation Solutions and Commercial & Residential Solutions segments. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems.

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