Emerson Electric Company (EMR) has risen sharply, recording gains of 0.65% in the past 4 weeks. However, the stock has corrected -3.77% in the past 1 week, providing a good buying opportunity on dips. Emerson Electric Company (EMR) : During the past 4 weeks, traders have been relatively bearish on Emerson Electric Company (EMR), hence the stock is down -1.79% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.18% relative to the S&P 500.
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 $53.37 and $53.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.79, notching a gain of 1.43% for the day. The total traded volume was 3,000,845 . The stock had closed at $53.03 on the previous day.
The stock has recorded a 20-day Moving Average of 2.57% and the 50-Day Moving Average is 0.76%. Emerson Electric Co. is up 1.8% in the last 3-month period. Year-to-Date the stock performance stands at 14.63%.
Emerson Electric Company (EMR) stock is expected to deviate a maximum of $3.98 from the average target price of $51 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $43.
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.