In yesterday’s Wall Street session, Emerson Electric Co (NYSE:EMR) shares traded at $126.86, up 7.81% from the previous session.
EMR stock price is now 18.05% away from the 50-day moving average and 16.99% away from the 200-day moving average. The market capitalization of the company currently stands at $72.65B.
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With the price target reduced from $135 to $120, Stephens Downgraded its rating from Overweight to Equal-Weight for Emerson Electric Co (NYSE: EMR). On September 06, 2024, Morgan Stanley recently initiated its ‘Underweight’ rating on the stock quoting a target price of $105, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Train Michael H., Officer bought 21,525 shares of the company’s stock on Nov 06 ’24. The stock was bought for $2,710,000 at an average price of $125.90. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Officer Karsanbhai Surendralal Lanca bought 72,282 shares of the business’s stock. A total of $7,838,706 was incurred on buying the stock at an average price of $108.45. A total of 0.35% 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 $119.61. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 1.77, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $82535923712, which is based on a 37.00 price-to-earnings ratio, a 2.74 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for EMR is $107.0044 and a two-hundred day moving average price translates $108.28345 for the stock.
The latest earnings results from Emerson Electric Co (NYSE: EMR) was released for 2024-09-30. The net profit margin was 11.25% and return on equity was 7.30% 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.
