Morgan Stanley Raises Emerson Electric (EMR) Price Target to $145

Morgan Stanley reaffirmed its Underweight rating on Emerson Electric Co. (NYSE:EMR) on October 19, 2026, while raising its price target on the stock from $135.00 to $145.00. The research note outlines the firm's cautious forward-looking stance even as shares sit above the revised target level. Emerson Electric closed at $161.22 on the day of the announcement.

EMR Emerson Electric Co.

$161.47 ▲ +20.23% year to date

1M 3M YTD

Daily close · Oct 16, 2026

Morgan Stanley's Call on Emerson Electric

In its October 19, 2026 update, Morgan Stanley kept an Underweight rating on the industrial manufacturer. The firm lifted its price target to $145.00 from its prior target of $135.00. Even with the target increase, the new figure sits below where the stock recently trades, reflecting the firm's conservative outlook compared to the broader market valuation.

Other Institutional Activity in Emerson Electric

Other large institutional investors adjusted their holdings in Emerson Electric during recent reporting periods. Wells Fargo & Company reduced its holdings by 203,286 shares, ending with 9,761,725 shares worth about $1.57 billion. Fisher Asset Management, LLC grew its holdings by 946,402 shares, ending with 9,426,709 shares worth about $1.52 billion.

Emerson Electric Co. Stock Down 0.1%

Emerson Electric recently traded around $161.94 as of October 19, 2026. That price puts the stock up about 0.4% compared to its event-day close and roughly 11.0% above its 200-day moving average of $145.85. The shares trade below their 52-week high of $166.35 while sitting about 32.0% above their 52-week low of $122.64.

Recent Earnings

Emerson Electric generated trailing-twelve-month revenue of $18.64 billion with an EPS of $4.50. The company reported a net profit margin of 13.8% and a return on equity of 12.8%. The next quarterly earnings report is scheduled for November 4, 2026.

Dividend

Emerson Electric pays an annual dividend rate of $2.22 per share, giving it a dividend yield of 1.37%. The company pays out 48.0% of its earnings as dividends.

Insider Buying and Selling at Emerson Electric Co.

Company insiders completed several transactions earlier in the year. Chief Executive Officer Surendralal Lanca Karsanbhai sold 5,700 shares on March 10, 2026, at an average price of $142.32 for a total value of $811,227. Chief Operating Officer Ram R Krishnan sold 11,500 shares on June 1, 2026, at an average price of $141.22 for a total value of $1,624,030. Officer Michael H Train sold 7,329 shares on August 6, 2026, at an average price of $158.99 for a total value of $1,165,238. Later, on August 11, 2026, CEO Surendralal Lanca Karsanbhai sold another 9,650 shares at $161.91 for a total value of $1,562,469. None of these transactions were reported as part of a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street firms continue to update their views on Emerson Electric alongside Morgan Stanley. TD Cowen maintained a Hold rating on September 25, 2026, while raising its target from $150.00 to $170.00. JP Morgan maintained an Overweight rating on October 9, 2026, lifting its target to $184.00 from $169.00. RBC Capital maintained an Outperform rating on October 14, 2026, pushing its target from $179.00 to $188.00. Mizuho maintained an Outperform rating on October 15, 2026, raising its target to $180.00 from $173.00. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $174.79 across 28 analyst opinions.

About Emerson Electric Co.

Headquartered in Saint Louis, Missouri, Emerson Electric Co. operates as a technology and software company providing engineering and automation products. It serves customers across the Americas, Asia, the Middle East, Africa, and Europe through several operating segments that build measurement tools, control systems, and industrial software.

Bottom Line

Investors will look to Emerson Electric's upcoming earnings report on November 4, 2026, for fresh guidance on industrial demand and profit margins. Analysts maintain a generally positive consensus despite cautious notes from individual firms like Morgan Stanley.