Emerson Electric Co. (NYSE: EMR) is 17.21% higher on its value in year-to-date trading and has touched a low of $76.94 and a high of $115.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EMR stock was last observed hovering at around $114.25 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $114.08, the stock is 1.46% and 6.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -0.15% at the moment leaves the stock 17.82% off its SMA200. EMR registered 35.09% gain for a year compared to 6-month gain of 18.99%. The firm has a 50-day simple moving average (SMA 50) of $4.69 and a 200-day simple moving average (SMA200) of $18.97.
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The stock witnessed a 4.04% loss in the last 1 month and extending the period to 3 months gives it a 20.57%, and is 0.48% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.53% over the week and 1.23% over the month.
Emerson Electric Co. (EMR) has around 67000 employees, a market worth around $65.22B and $15.91B in sales. Current P/E ratio is 158.18 and Fwd P/E is 19.34. Profit margin for the company is 2.62%. Distance from 52-week low is 48.27% and -1.02% from its 52-week high. The company has generated returns on investments over the last 12 months (1.45%).
Emerson Electric Co. quarterly earnings per share for the current quarter are estimated at $1.25 with sales reaching $4.29B over the same period.The EPS is expected to grow by 21.34% this year, but quarterly earnings will post 16.00% year-over-year.
2,328 institutions hold shares in Emerson Electric Co. (EMR), with institutional investors hold 77.51% of the company’s shares. The shares outstanding are 572.00M, and float is at 568.47M with Short Float at 1.06%. Institutions hold 77.24% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 52.71 million shares valued at $4.76 billion. The investor’s holdings represent 9.18% of the EMR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 36.95 million shares valued at $3.34 billion to account for 6.44% of the shares outstanding. The other top investors are State Street Corporation which holds 24.57 million shares representing 4.28% and valued at over $2.22 billion, while Bank of America Corporation holds 2.84% of the shares totaling 16.3 million with a market value of $1.47 billion.
Emerson Electric Co. (EMR) Insider Activity
The most recent transaction is an insider sale by Piazza Nicholas J., the company’s Senior VP & CPO. SEC filings show that Piazza Nicholas J. sold 2,200 shares of the company’s common stock on Mar 04 ’24 at a price of $108.50 per share for a total of $0.24 million. Following the sale, the insider now owns 22754.0 shares.
Emerson Electric Co. disclosed in a document filed with the SEC on Feb 15 ’24 that LEVATICH MATTHEW S (Director) sold a total of 1,933 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $105.58 per share for $0.2 million. Following the transaction, the insider now directly holds 24965.0 shares of the EMR stock.
Still, SEC filings show that on Feb 14 ’24, Karsanbhai Surendralal Lanca (President & CEO) disposed off 2,344 shares at an average price of $106.02 for $0.25 million. The insider now directly holds 138,750 shares of Emerson Electric Co. (EMR).
