Emerson Electric Co. (EMR) concluded trading on Thursday at a closing price of $108.90, with 4.06 million shares of worth about $442.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.01% during that period and on September 26, 2024 the price saw a gain of about 4.31%. Currently the company’s common shares owned by public are about 572.00M shares, out of which, 570.72M shares are available for trading.
Stock saw a price change of 2.82% in past 5 days and over the past one month there was a price change of 4.85%. Year-to-date (YTD), EMR shares are showing a performance of 11.89% which increased to 13.91% 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 $119.53 during that period. The average intraday trading volume for Emerson Electric Co. shares is 2.83 million. The stock is currently trading 6.07% above its 20-day simple moving average (SMA20), while that difference is up 2.22% for SMA50 and it goes to 2.68% 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 77.95% of that.
The stock has a current market capitalization of $62.37B and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 37.39, while it has posted earnings per share of $2.91 in the same period. Its PEG reads 2.95 and has Quick Ratio of 0.86 while making debt-to-equity ratio of 0.52. 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 2.24% while standing at 2.07% over the month.
Stock’s fiscal year EPS is expected to rise by 23.53% while it is estimated to increase by 8.55% in next year. EPS is likely to grow at an annualized rate of 12.67% for next 5-years, compared to annual growth of 1.46% made by the stock over the past 5-years.
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 Morgan Stanley on September 06, 2024 offering an Underweight rating for the stock and assigned a target price of $105 to it. Coverage by JP Morgan stated Emerson Electric Co. (EMR) stock as a Neutral in their note to investors on August 14, 2024, suggesting a price target of $115 for the stock. On July 08, 2024, Redburn Atlantic Initiated their recommendations, while on May 09, 2024, Deutsche Bank Upgrade their ratings for the stock with a price target of $138. Stock get a Buy rating from Mizuho on January 04, 2024.
