Emerson Electric Company (NYSE:EMR) has tumbled 0.55% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.53% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.64% and the outperformance has advanced to 2.59% for the last 4 weeks period.
Emerson Electric Company (NYSE:EMR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.12 and $51.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.44, notching a gain of 0.61% for the day. The total traded volume was 3,628,146 . The stock had closed at $52.12 on the previous day.
The company shares have dropped -9.76% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $58.80 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $52.59 and the 200 Day Moving Average price is recorded at $50.11.
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.
Many analysts have stated their opinion 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. Currently the company Insiders own 0.88% of Emerson Electric Company shares according to the proxy statements. Institutional Investors own 70.63% of Emerson Electric Company shares.
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.