In yesterday’s Wall Street session, Emerson Electric Co. (NYSE:EMR) shares traded at $104.29, up 0.77% from the previous session.
EMR stock price is now -5.40% away from the 50-day moving average and 0.35% away from the 200-day moving average. The market capitalization of the company currently stands at $59.73B.
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With the price target reduced from $132 to $115, JP Morgan Downgraded its rating from Overweight to Neutral for Emerson Electric Co. (NYSE: EMR). On July 08, 2024, Redburn Atlantic recently initiated its ‘Buy’ rating on the stock quoting a target price of $135, while ‘Deutsche Bank’ 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 $2.37 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 $2.6 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 0.52, a current ratio of 1.16, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $73553281024, which is based on a 35.81 price-to-earnings ratio, a 2.83 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for EMR is $110.2456 and a two-hundred day moving average price translates $103.93045 for the stock.
The latest earnings results from Emerson Electric Co. (NYSE: EMR) was released for 2024-06-30. The net profit margin was 9.86% and return on equity was 8.18% for EMR. The company reported revenue of $4.38 billion for the quarter, compared to $3.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.0 percent. For the current quarter, analysts expect EMR to generate $4.57B in revenue.
