Emerson Electric Company (NYSE:EMR) Stock Traded Over Its 50 Day Average


It is currently trading at $66.10 barely above the 50 day moving average which is $63.11 and a tad higher than the 200 day moving average of $60.33. The 50 day moving average was up by +4.74% whereas the 200 day average was up by +9.56%. Emerson Electric Company shares had a trading volume of 2,648K on Tuesday. Volume was down 47.36% under the stocks average daily volume.

Investors are more bullish on shares of Emerson Electric Company recently if you consider the change in short interest. The company saw a fall in short interest of -5.84% as of the latest report on September 29, 2017. Short shares fell from 9,737,608 to 9,168,764 over that timeframe. The short-interest ratio decreased to 3.0 and the percentage of shorted shares is 0.01% as of September 29.

A few notable investment firms have updated their holdings. Alpha Windward LLC trimmed its investment by shedding 99 shares a decrease of 2.3%. Alpha Windward LLC now holds 4,168 shares worth $262,000. The total value of its holdings increased 3.1%. As of quarter end Cobiz Investment Management, LLC had disposed of 430 shares trimming its holdings by 4.0%. The value of the company’s investment in Emerson Electric Company increased from $646,000 to $654,000 a change of $8,000 quarter to quarter.

Town & Country Bank & Trust Co Dba First Bankers Trust Co divested its stake by selling 275 shares a decrease of 2.2% in the quarter. Town & Country Bank & Trust Co Dba First Bankers Trust Co now controls 12,310 shares valued at $774,000. The value of the position overall is up by 3.2%. As of the end of the quarter Robeco Institutional Asset Management B.v. had bought a total of 2,430 shares growing its position 1.4%. The value of the investment in EMR went from $10,660,000 to $11,390,000 increasing 6.8% quarter over quarter.

October 2 investment analysts at Morgan Stanley made no change to the stock rating of “Overweight” and raised the price expectation from $64.00 to $67.00. On October 17, 2017 the stock rating was changed to “Outperform” by Bank of America up from the previous “Neutral” rating.

The company is so far trading up since yesterday’s close of 65.78. Emerson Electric Company recently declared a dividend which was paid on Monday September 11th, 2017. The dividend was $0.480 per share for the quarter which is $1.92 annualized. This dividend represents a yield of $2.95. The ex-dividend date was set for Wednesday the 9th of August 2017.

Emerson Electric Company’s P/E ratio is 29.50 and the market cap of the company is 42.31B. In the last earnings report the EPS was $2.24 and is projected to be $2.61 for the current year with 640,019,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.55 and the next full year EPS is projected to be $2.91.

Emerson Electric Co., launched on September 24, 1890, is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions. The Business’s principal production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly. In addition, the Company uses specialized production operations, including automatic and semiautomatic testing, automated material handling and storage, ferrous and nonferrous machining, and special furnaces for heat treating and foundry applications..