Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Emerson Electric Co. shares valued at $238,700 were sold by Piazza Nicholas J. on Mar 04 ’24. At $108.50 per share, Piazza Nicholas J. sold 2,200 shares. The insider’s holdings dropped to 22,754 shares worth approximately $2.47 million following the completion of this transaction.
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Also, LEVATICH MATTHEW S sold 1,933 shares, netting a total of over 204,081 in proceeds. Following the sale of shares at $105.58 each, the insider now holds 24,965 shares.
Before that, Karsanbhai Surendralal Lanca had sold 2,344 shares from its account. In a trade valued at $248,513, the President & CEO traded Emerson Electric Co. shares for $106.02 each. Upon closing the transaction, the insider’s holdings decreased to 2,344 shares, worth approximately $15.06 million.
As published in a research note from Stephens on October 16, 2024, Emerson Electric Co. [EMR] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $120 from $135. Analysts at Morgan Stanley started covering the stock with ‘”an Underweight”‘ outlook in a report released in early September. As of August 14, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for EMR. Earlier on July 08, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Buy” for EMR stock.
Analyzing EMR Stock Performance
During the last five days, there has been a drop of approximately -1.88%. Over the course of the year, Emerson Electric Co. shares have jumped approximately 11.49%. Nevertheless, trading volume fell to 3.54 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Emerson Electric Co. (EMR)
RSI (Relative Strength Index) is 48.74 on the 14-day chart, showing neutral technical sentiment.