As of Wednesday close, Emerson Electric Co.’s (NYSE:EMR) stock was down -$0.36, moving down -0.36 percent to $98.29. The average number of shares traded per day over the past five days has been 2,769,820 shares. 4 times new highs have been achieved over the past 5 days, with a $1.66 gain in that time frame. In the last twenty days, the average volume was 2,468,665, while in the previous 50 days, it was 2,565,354.
Since last month, EMR stock rose 7.27%. Shares of the company fell to $90.41 on 08/01/23, the lowest level in the past month. A 52-week high of $99.65 was reached on 01/09/23 after having rallying from a 52-week low of $72.40. Since the beginning of this year, EMR’s stock price has risen by 2.32% or $2.23, and marked a new high 3 times. However, the stock has declined by -1.37% since its 52-week high.
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EMR stock investors should be aware that Emerson Electric Co. (EMR) stock had its last reported insider trading activity 65 days ago on Jun 27. Flavin Lisa, the Senior VP & CCO of the company, disposed of 48,718 shares for $89.65 on Jun 27. It resulted in a $4,367,798 divestment by the insider. Karsanbhai Surendralal Lanca sold 4,603 shares at an average price of $95.86 on Nov 16. The insider now owns 99,591 shares following the transaction. On Nov 08, Senior Exec. VP and CFO DELLAQUILA FRANK J sold 83,073 shares at $91.07 apiece. The transaction was valued at $7,565,657.
Valuation Metrics
Right now, Emerson Electric Co. (EMR) has a P/E ratio of about 26.13. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 3.35, the price-to-book (PB) ratio of 2.74, and the price-to-cash flow ratio of 26.14 may also be considered.
The latest dividend of $0.52 per share was paid out, remained unchanged from last year’s $0.52. On Monday October 31 2022, a $0.0050 dividend increase was announced.
Financial Health
In the three months ended June 29, Emerson Electric Co.’s quick ratio stood at 2.10, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.37, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 47.00% percent. In the year ended June 29, EBITDA margin amounted to 23.34%, whereas operating margins totaled 17.90%. Based on annual data, EMR earned $8.19 billion in gross profit and brought in $19.63 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.20%. Return on equity (ROE) for the past 12 months was 99.90%.
In Emerson Electric Co.’s quarter-end financial report for June 29, it reported total debt of $7.64 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EMR’s revenue fell -26.84% to $3.76 billion during the quarter, while net income inched up to $3.95 billion. While analysts expected Emerson Electric Co. to report $1.1 quarterly earnings, the actual figure was $1.29 per share, beating the consensus estimate by 17.30%. During the quarter, the company generated $1.21 billion in EBITDA. The liabilities of Emerson Electric Co. were 17.76 billion at the end of its most recent quarter ended June 29, and its total debt was $8.81 billion. The value of shareholders’ equity is $571.5 million.
Technical Picture
This quick technical analysis looks at Emerson Electric Co.’s (EMR) price momentum. With a historical volatility rate of 13.38%, the RSI 9-day stood at 67.79% on 30 August.
With respect to its five-day moving average, the current Emerson Electric Co. price is up by +1.72% percent or $1.66. At present, EMR shares trade +3.31% above its 20-day simple moving average and +18.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.26% above its SMA50 and +4.56% above its SMA200.
Stochastic coefficient K was 88.37% and Stochastic coefficient D was 82.91%, while ATR was 1.52. Given the Stochastic reading of 83.69% for the 14-day period, the RSI (14) reading has been calculated as 66.73%. As of today, the MACD Oscillator reading stands at 1.46, while the 14-day reading stands at 1.86.
Analyst Ratings
Argus upgraded its rating on Emerson Electric Co. (NYSE: EMR) to a Buy in a note to investors on August 28, 2023. The analysts firm previously had a Hold rating on the stock.Emerson Electric Co. (EMR) has been rated Overweight by analysts. According to 0 brokerage firms, EMR is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Emerson Electric Co. stock as buy, with 17 recommending it as overweight.
With a median target price of $108.50, the current consensus forecast for the stock is $95.00 – $122.00. Based on these forecasts, analysts predict Emerson Electric Co. (EMR) will achieve an average price target of $108.15.
