Emerson Electric Co. (NYSE:EMR) saw a downside of -2.55% to close Tuesday at $95.60 after subtracting -$2.5 on the day. The 5-day average trading volume is 2,128,420 shares of the company’s common stock. It has gained $99.67 in the past week and touched a new high 1 time within the past 5 days. An average of 2,693,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,600,826.
EMR’s 1-month performance is -2.09% or -$2.04 on its low of $95.59 reached on 09/26/23. The company’s shares have touched a 52-week low of $72.40 and high of $100.62, with the stock’s rally to the 52-week high happening on 09/12/23. YTD, EMR has lost -0.48% or -$0.46 and has reached a new high 5 times. However, the current price is down -4.99% from the 52-week high price.
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Insider Transactions
EMR stock investors last saw insider trading activity on Sep 05.Ramnath Vidya (Senior VP & CMO) most recently sold 2,500 shares at $97.86 per share on Sep 05. This transaction cost the insider $244,638. Senior VP & CCO, Flavin Lisa, sold 48,718 shares at a price of $89.65 on Jun 27. Then, on Nov 16, CEO and President Karsanbhai Surendralal Lanca sold 4,603 shares at a price of $95.86 per share. This transaction amounted to $441,244.
Valuation Metrics
EMR stock has a beta of 1.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.32 while the price-to-book (PB) in the most recent quarter is 2.67, with the price to cash flow ratio at 25.93.
Emerson Electric Co.’s quick ratio for the period ended June 29 was 2.07, with the current ratio over the same period at 2.38. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.39, while the total debt to equity was 0.43.. In terms of profitability, the gross margin trailing 12 months is 43.80%. The trailing 12-month EBITDA margin is 23.34% while for the period ending June 29, Emerson Electric Co.’s operating margin was 18.21%. The firm’s gross profit as reported stood at $8.19 billion against revenue of $19.63 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 90.15% to $9.35 billion, while revenue of $792.0 million was 91.53% off the previous quarter. Analysts expected EMR to announce $1.1 per share in earnings in its latest quarter, but it posted $1.29, representing a 17.30% surprise. EBITDA for the quarter stood at more than $1.21 billion. EMR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 17.76 billion, with total debt at $8.81 billion. Shareholders hold equity totaling $571.5 million.
Let’s look briefly at Emerson Electric Co. (EMR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 36.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.88%.
The stock’s 5-day moving average is $97.06, reflecting a -3.26% or -$3.22 change from its current price. EMR is currently trading -2.57% above its 20-day SMA, +14.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.69% and SMA200 by+0.94%.
Stochastic %K and %D was 19.80% and 17.49% and the average true range (ATR) pointed at 1.68. The RSI (14) points at 42.64%, while the 14-day stochastic is at 0.20% with the period’s ATR at 1.62. The stock’s 9-day MACD Oscillator is pointing at -0.98 and -1.44 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Emerson Electric Co. (NYSE: EMR), Vertical Research upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for EMR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EMR as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 17 have offered a “buy” rating.
What is EMR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $95.00 and a high of $125.00, with their median price target at $110.50. Looking at these predictions, the average price target given by analysts is for Emerson Electric Co. (EMR) stock is $109.30.
