Exec Pres Auto Sols Karsanbhai Surendralal Lanca sold 9,070 shares in Emerson Electric Co. (NYSE:EMR) for $32,618 in transaction occurred on 2018/11/28. After making this transaction, the Exec Pres Auto Sols owns a direct stake of 616,760 shares, worth $2,025,904, as per the last closing price. On 2018/09/10 Monser Edward L, President at EMR, dumped 60,000 shares at an average price of $76.1 per share. The selling total is valued at $9,655,372.
Separately, it had been reported that some other EMR insiders also took part of the insider trading activity. Senior Exec. VP and CFO, Dellaquila Frank J had divested 47,530 shares for $332,750 through a trade on 2018/08/14. Following this activity, the insider holds 3,512,942 shares worth $20,667,103 as of recent close. Wall Street’s most bullish Emerson Electric Co. (NYSE:EMR) analysts are predicting the share price to blow past $90 per share during the next 12 months. The current median share price forecast by them is $72, suggesting that the stock could increase 15.92% in that time frame. The average price target of $74 calls for a nearly 19.14% increase in the stock price.
Emerson Electric Co. (EMR) trading activity significantly weakened as the volume at ready counter decreased to 2,836,384 shares versus 5,562,085 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,507,400 shares. The share price rose 1.16% in recent trade and currently has a stock-market value of $38.91B. The shares finished at $62.11, after trading as low as $60.79 earlier in the session. It hit an intraday high Thursday at $62.48. The stock is now 12.15% above against its bear-market low of $55.38 on December 26, 2018. It has retreated -28.32% since it’s 52-week high of $79.7 reached in October. Now the market price is down -14.12% on the year and up 3.95% YTD.
EMR’s 50 day simple moving average (SMA 50) price is $64.13 and its 200-day simple moving average (SMA 200) price is $70.1. The company’s stock currently has a total float of 622.11M shares. Its weekly volatility is hovering around 2.07% and felt 2.72% volatility in price over a month. On the upside, the share price will test short term resistance at around $62.8. On a downside, the stock is likely to find some support, which begins at $61.11. The failure to get near-term support could push it to $60.1.
It had seen a negative analyst call from RBC Capital Mkts, which downgraded the stock from Outperform to Sector Perform on January 04. Analysts at Credit Suisse, shed their negative views on January 03 by lifting it fromNeutral to Outperform. The stock lost favor of Barclays analysts who expressed their lack of confidence in it using a downgrade from Overweight to Equal Weight on December 17.
When looking at valuations, Emerson Electric Co. (EMR) has a cheap P/E of 19.57x as compared to industry average of 28.43x. Moreover, it trades for 15.12 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.36x price/book and 2.24x price/sales. Compared to others, Emerson Electric Co. is in a different league with regards to profitability, having net margins of 12.7%. To put some perspective around this, the industry’s average net margin is 14.63%. EMR’s ROE is 25.8%, which is also considerably better than the industry’s ROE of 13.01%. It’s also very liquid in the near term, with a current ratio of 1.1. The stock has a debt/capital of 0.53.
Shares of Emerson Electric Co. (EMR) have dropped -12.7% since the company’s Dec-19 earnings report. Over the past 12 fiscal quarters, Emerson Electric Co. (NYSE:EMR) has topped consensus earnings estimates in 7 quarters (58%), missed earnings in 2 quarters (16%), whereas at 3 occasion EPS met analyst expectations. EMR last reported earnings on November 06, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.89 per share, 117.07% change on the same period last year. That was worse than consensus for $0.89. Revenue for the recent quarter stood at $4.89 billion, up 10% on last year and below the $4.91 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $4.4 billion to $4.49 billion, which should be compared with $4.07 billion generated last year. EPS is seen in a range of $0.75 to $0.81, against the $0.69 reported a year ago.