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Emerson Electric Co. (EMR) Recovers From Low: Will It Stay?

Emerson Electric Co. (NYSE:EMR) price on Friday, March 17, fall -1.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $80.84.

A look at the stock’s price movement, the close in the last trading session was $81.92, moving within a range at $79.89 and $81.87. The beta value (5-Year monthly) was 1.37 while the PE ratio in trailing twelve months stood at 18.04. Turning to its 52-week performance, $100.00 and $72.40 were the 52-week high and 52-week low respectively. Overall, EMR moved -6.99% over the past month.

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Emerson Electric Co.’s market cap currently stands at around $46.91 billion, with investors looking forward to this quarter’s earnings report slated for May 02, 2023 – May 08, 2023. The company has a Forward Dividend ratio of 2.08, with its dividend yield at 2.57%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that EMR is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

21 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 12 analyst(s) rate the stock as a Hold, 8 recommend EMR as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

EMR’s current price about -3.12% and -8.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.77, while 7-day volatility ratio is 2.71% and 2.26% in the 30-day chart. Further, Emerson Electric Co. (EMR) has a beta value of 1.39, and an average true range (ATR) of 2.15.

In the market, a comparison of Emerson Electric Co. (EMR) and its peers suggest the former has performed considerably weaker. Data shows EMR’s intraday price has changed -1.32% in last session and -13.78% over the past year. Comparatively, Honeywell International Inc. (HON) has moved -2.38% on the day and only -3.35% in the past 12 months. Moreover, General Electric Company (GE) is also down -1.83% in trading on the day while keeping a an uptrend of 22.18% over the past year. If we look at the PE ratio, we find that Emerson Electric Co.’s ratio stands at 18.04 compared to Honeywell International Inc.’s 25.39. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on Emerson Electric Co. (NYSE:EMR), historical trading data shows that trading volumes averaged 3.72 million over the past 10 days and 3.60 million over the past 3 months. The company’s latest data on shares outstanding shows there are 583.60 million shares.

The 0.20% of Emerson Electric Co.’s shares are in the hands of company insiders while institutional holders own 76.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.17 million on Jan 30, 2023, giving us a short ratio of 1.62. The data shows that as of Jan 30, 2023 short interest in Emerson Electric Co. (EMR) stood at 1.08% of shares outstanding, with shares short falling to 8.26 million registered in Dec 29, 2022. Current price change has pushed the stock -15.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EMR stock continues to rise going into the next quarter.

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