Emerson Electric Co. (EMR) concluded trading on Wednesday at a closing price of $106.45, with 3.58 million shares of worth about $381.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.35% during that period and on May 01, 2024 the price saw a loss of about -1.23%. Currently the company’s common shares owned by public are about 572.00M shares, out of which, 568.47M shares are available for trading.
Stock saw a price change of -2.89% in past 5 days and over the past one month there was a price change of -6.02%. Year-to-date (YTD), EMR shares are showing a performance of 9.37% which increased to 27.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $76.94 but also hit the highest price of $115.26 during that period. The average intraday trading volume for Emerson Electric Co. shares is 2.68 million. The stock is currently trading -4.37% below its 20-day simple moving average (SMA20), while that difference is down -3.53% for SMA50 and it goes to 8.22% higher than SMA200.
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Emerson Electric Co. (NYSE: EMR) currently have 572.00M outstanding shares and institutions hold larger chunk of about 76.37% of that.
The stock has a current market capitalization of $60.86B and its 3Y-monthly beta is at 1.36. PE ratio of stock for trailing 12 months is 147.60, while it has posted earnings per share of $0.72 in the same period. Its PEG reads 11.94 and has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EMR, volatility over the week remained 1.91% while standing at 1.68% over the month.
Stock’s fiscal year EPS is expected to rise by 21.43% while it is estimated to increase by 9.86% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on January 04, 2024 offering a Buy rating for the stock and assigned a target price range of between $95 and $118 to it. Coverage by KeyBanc Capital Markets stated Emerson Electric Co. (EMR) stock as an Overweight in their note to investors on October 03, 2023, suggesting a price target of $120 for the stock. On October 03, 2023, UBS Downgrade their recommendations, while on September 15, 2023, Vertical Research Upgrade their ratings for the stock with a price target of $120. Stock get a Buy rating from Argus on August 28, 2023.
