Price Target Update on Emerson Electric Company (NYSE:EMR)

Emerson Electric Company (NYSE:EMR) : The highest level Emerson Electric Company (NYSE:EMR) is projected to reach is $60 for the short term and the lowest estimate is at $43. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $52.5 and the possibility the share price can swing is $4.74.

Other Equity analysts have also commented on the company shares. Argus Research upgrades their rating on the shares of Emerson Electric Company (NYSE:EMR). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on May 11, 2016.

Emerson Electric Company (NYSE:EMR): stock turned positive on Thursday. Though the stock opened at $53.19, the bulls momentum made the stock top out at $53.685 level for the day. The stock recorded a low of $52.99 and closed the trading day at $53.67, in the green by 2.05%. The total traded volume for the day was 2,650,546. The stock had closed at $52.59 in the previous days trading.

The company shares have dropped -7.12% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $57.52 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $52.37 and the 200 Day Moving Average price is recorded at $50.21. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Emerson Electric Co, Golden Arthur F, had purchased 4,000 shares in a transaction dated on August 7, 2015. The transaction was executed at $49.4 per share with total amount equaling $197,600.

Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Companys Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.

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