The price of Emerson Electric Co. (NYSE:EMR) shares last traded on Wall Street rose 1.09% to $107.40.
EMR stock price is now -2.75% away from the 50-day moving average and 8.86% away from the 200-day moving average. The market capitalization of the company currently stands at $61.40B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $95 to $118, Mizuho Upgraded its rating from Neutral to Buy for Emerson Electric Co. (NYSE: EMR). On October 03, 2023, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $120, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Piazza Nicholas J., Senior VP & CPO sold 2,200 shares of the company’s stock on Mar 04 ’24. The stock was sold for $238,700 at an average price of $108.50. Upon completion of the transaction, the Senior VP & CPO now directly owns 22,754 shares in the company, valued at $2.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 15 ’24, Director LEVATICH MATTHEW S sold 1,933 shares of the business’s stock. A total of $204,081 was realized by selling the stock at an average price of $105.58. This leaves the insider owning 24,965 shares of the company worth $2.68 million. A total of 0.41% of the company’s stock is owned by insiders.
During the past 12 months, Emerson Electric Co. has had a low of $76.94 and a high of $115.26. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.12, and a quick ratio of 0.80.
According to the Specialty Industrial Machinery Company, earnings per share came in at 1.09, beating analysts’ expectations of 0.97 by 0.12. This compares to $3.41 EPS in the same period last year. The net profit margin was 2.62% and return on equity was 12.48% for EMR. The company reported revenue of $4.12 billion for the quarter, compared to $3.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.06 percent. For the current quarter, analysts expect EMR to generate $4.29B in revenue.
