Emerson Electric receives price target hike as CEO sells stock

Emerson Electric has seen recent activity regarding its stock valuation and executive holdings. Sanford C. Bernstein raised its price target for the industrial products company from $169.00 to $186.00, maintaining an “outperform” rating. This follows other analyst adjustments, including target increases from BMO Capital Markets and Rothschild & Co Redburn.

In a separate transaction, Emerson Electric CEO Surendralal Lanca Karsanbhai sold 9,650 shares at an average price of $161.91, totaling approximately $1,562,431.50. Following this sale, the CEO retains 271,743 shares.

Meanwhile, Mizuho Markets Cayman LP reduced its position in General Motors Company. During the second quarter, the institutional investor sold 46,845 shares, a 42.4% decrease in its holdings, leaving the firm with 63,675 shares of the automaker.