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Recent Insider Activity Could Benefit Emerson Electric Co. (EMR)

In a filing, Emerson Electric Co. revealed its Senior VP & CPO Piazza Nicholas J. unloaded Company’s shares for reported $0.24 million on Mar 04 ’24. In the deal valued at $108.50 per share,2,200 shares were sold. As a result of this transaction, Piazza Nicholas J. now holds 22,754 shares worth roughly $2.6 million.

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Then, LEVATICH MATTHEW S sold 1,933 shares, generating $204,081 in total proceeds. Upon selling the shares at $105.58, the Director now owns 24,965 shares.

Before that, Karsanbhai Surendralal Lanca sold 2,344 shares. Emerson Electric Co. shares valued at $248,513 were divested by the President & CEO at a price of $106.02 per share. As a result of the transaction, Karsanbhai Surendralal Lanca now holds 138,750 shares, worth roughly $15.87 million.

Deutsche Bank upgraded its Emerson Electric Co. [EMR] rating to a Buy from a a Hold in a research note published on May 09, 2024; the price target was increased to $138 from $123. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. KeyBanc Capital Markets began covering EMR with “an Overweight” recommendation on October 03, 2023. UBS revised its rating on October 03, 2023. It rated EMR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of EMR

On Tuesday, Emerson Electric Co. [NYSE:EMR] saw its stock fall -0.41% to $114.35. Over the last five days, the stock has gained 6.47%. Emerson Electric Co. shares have risen nearly 17.49% since the year began. Nevertheless, the stocks have risen 38.57% over the past one year. While a 52-week high of $116.76 was reached on 05/10/24, a 52-week low of $76.94 was recorded on 01/31/24. SMA at 50 days reached $111.20, while 200 days put it at $99.30. A total of 1.5 million shares were traded, compared to the trading of 1.86 million shares in the previous session.

Levels Of Support And Resistance For EMR Stock

The 24-hour chart illustrates a support level at 113.88, which if violated will result in even more drops to 113.40. On the upside, there is a resistance level at 114.92. A further resistance level may holdings at 115.49. The Relative Strength Index (RSI) on the 14-day chart is 63.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.74%. Stochastics %K at 85.59% indicates the stock is a selling.

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