In a filing, Emerson Electric Co revealed its CEO and President Karsanbhai Surendralal Lanca unloaded Company’s shares for reported $6.84 million on Nov 13 ’24. In the deal valued at $130.51 per share,52,409 shares were sold. As a result of this transaction, Karsanbhai Surendralal Lanca now holds 96,675 shares worth roughly $12.59 million.
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Then, Train Michael H. sold 21,525 shares, generating $2,711,313 in total proceeds. Upon selling the shares at $125.96, the SVP & Chief Sustain Officer now owns 262,408 shares.
Before that, Train Michael H. bought 21,525 shares. Emerson Electric Co shares valued at $2,710,000 were divested by the Officer at a price of $125.90 per share.
Jefferies initiated its Emerson Electric Co [EMR] rating to a Buy in a research note published on December 12, 2024; the price target was $160. Exane BNP Paribas began covering EMR with “an Outperform” recommendation on November 13, 2024. Stephens revised its rating on October 16, 2024. It rated EMR as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of EMR
On Monday, Emerson Electric Co [NYSE:EMR] saw its stock fall -0.01% to $130.19. Over the last five days, the stock has lost -0.18%. Emerson Electric Co shares have risen nearly 33.76% since the year began. Nevertheless, the stocks have risen 34.86% over the past one year. While a 52-week high of $134.85 was reached on 12/04/24, a 52-week low of $91.64 was recorded on 01/31/24. SMA at 50 days reached $121.49, while 200 days put it at $112.39.
Levels Of Support And Resistance For EMR Stock
The 24-hour chart illustrates a support level at 129.07, which if violated will result in even more drops to 127.94. On the upside, there is a resistance level at 130.95. A further resistance level may holdings at 131.70. The Relative Strength Index (RSI) on the 14-day chart is 57.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.61%. Stochastics %K at 36.20% indicates the stock is a holding.
How much short interest is there in Emerson Electric Co?
A steep rise in short interest was recorded in Emerson Electric Co stocks on 2024-11-29, growing by 1.95 million shares to a total of 11.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.29 million shares. There was a rise of 17.33%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 06, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Underweight”‘ rating along with a $105 price target.
