Emerson Electric Co. (EMR) concluded trading on Thursday at a closing price of $108.29, with 3.47 million shares of worth about $376.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.04% during that period and on June 27, 2024 the price saw a gain of about 2.04%. Currently the company’s common shares owned by public are about 572.00M shares, out of which, 569.85M shares are available for trading.
Stock saw a price change of 0.14% in past 5 days and over the past one month there was a price change of -3.36%. Year-to-date (YTD), EMR shares are showing a performance of 11.26% which increased to 20.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $83.10 but also hit the highest price of $116.76 during that period. The average intraday trading volume for Emerson Electric Co. shares is 2.51 million. The stock is currently trading -0.09% below its 20-day simple moving average (SMA20), while that difference is down -1.53% for SMA50 and it goes to 6.95% 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 77.06% of that.
The stock has a current market capitalization of $61.95B and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 511.28, while it has posted earnings per share of $0.21 in the same period. Its PEG reads 37.94 and has Quick Ratio of 0.87 while making debt-to-equity ratio of 0.55. 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 1.79% while standing at 1.83% over the month.
Stock’s fiscal year EPS is expected to rise by 23.03% while it is estimated to increase by 10.20% 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 Deutsche Bank on May 09, 2024 offering a Buy rating for the stock and assigned a target price range of between $123 and $138 to it. Coverage by Mizuho stated Emerson Electric Co. (EMR) stock as a Buy in their note to investors on January 04, 2024, suggesting a price target of $118 for the stock. On October 03, 2023, KeyBanc Capital Markets Initiated their recommendations, while on October 03, 2023, UBS Downgrade their ratings for the stock with a price target of $104. Stock get a Buy rating from Vertical Research on September 15, 2023.
