Emerson Electric Company (EMR) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Emerson Electric Company (NYSE: EMR) is a prominent technology and software firm based in Ferguson, Missouri, specializing in specialty industrial machinery. Since its founding in 1890, Emerson has established a strong presence in the global market, offering a wide range of solutions across industrial, commercial, and consumer sectors. The company’s operations are strategically divided into several segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity. As a publicly traded company in the Industrials sector, specifically within the Specialty Industrial Machinery industry, Emerson Electric is notable for its robust revenue stream, reporting approximately $16.96 billion. Analysts project a target high price of $140.00, suggesting confidence in the firm’s growth potential. Based on its performance metrics and optimistic market outlook, a “buy” recommendation for EMR stock is warranted.
Stock Performance and Analyst Insights
Currently, Emerson’s stock is priced at $105.16, reflecting a significant opportunity for investors, as it is below the average target price of $125.83 with a ceiling anticipated at $140.00. The stock demonstrates potential volatility, with the low target set at $103.00 and a median target of $129.00, which indicates strong market consensus among 22 analysts. The current short interest is relatively low, with only 7.15 million shares shorted, representing about 0.0125% of the total float of 569.56 million shares. This limited bearish sentiment bodes well for potential bullish movement in the stock.
Despite a short-term bearish trend indicated by its current position below the fifty-day moving average of $107.22, the stock has shown resilience in the past year, with significant fluctuations ranging from a 52-week high of $119.53 to a low of $83.10. This mix of robust financial performance, positive analyst sentiment, and projected price targets positions Emerson Electric Company favorably amidst market fluctuations, warranting close monitoring by investors for potential growth opportunities.
| Metric | Value |
|---|---|
| Market Cap | $60.2b |
| Total Debt | $10.8b |
| Total Cash | $2.3b |
| Shares Outstanding | 572.0m |
| Float Shares | 569.6m |
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