Emerson Electric Company (EMR) : Traders are bullish on Emerson Electric Company (EMR) as it has outperformed the S&P 500 by a wide margin of 2.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.67%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.22% in the last 1 week, and is up 7.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.02% and the 50-Day Moving Average is 7.4%.
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 $56.17 and $55.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.23, notching a gain of 0.32% for the day. The total traded volume was 4,355,413 . The stock had closed at $56.05 on the previous day.
The company Insiders own 0.88% of Emerson Electric Company shares according to the proxy statements. Institutional Investors own 70.62% of Emerson Electric Company shares. In a related news, Golden Arthur F, director of Emerson Electric Co had purchased 4,000 shares on August 7, 2015 in a transaction. The price per share was $49.4 and the total amount of the disclosed transaction was $197,600.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.