The stock of Emerson Electric Co. (NYSE:EMR) last traded at $116.54, down -1.45% from the previous session.
EMR stock price is now 5.11% away from the 50-day moving average and 13.99% away from the 200-day moving average. The market capitalization of the company currently stands at $66.67B.
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With the price target of $135, Redburn Atlantic recently initiated with Buy rating for Emerson Electric Co. (NYSE: EMR). On May 09, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $123 to quote $138, while ‘Mizuho’ rates the stock as ‘Buy’
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 $2.65 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 $2.91 million. A total of 0.34% of the company’s stock is owned by insiders.
During the past 12 months, Emerson Electric Co. has had a low of $83.10 and a high of $119.53. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.18, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $81658880000, which is based on a 550.24 price-to-earnings ratio, a 40.83 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for EMR is $111.0002 and a two-hundred day moving average price translates $102.6815 for the stock.
The latest earnings results from Emerson Electric Co. (NYSE: EMR) was released for 2024-03-31. The net profit margin was 0.78% and return on equity was 11.98% for EMR. The company reported revenue of $4.38 billion for the quarter, compared to $3.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.51 percent.
