Emerson Electric Co’s filing revealed that 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 $11.4 million.
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 Friday, Emerson Electric Co [NYSE:EMR] saw its stock fall -1.96% to $117.94. Over the last five days, the stock has lost -3.47%. Emerson Electric Co shares have fallen nearly -4.83% since the year began. Nevertheless, the stocks have risen 24.65% over the past one year. While a 52-week high of $134.85 was reached on 01/02/25, a 52-week low of $91.64 was recorded on 01/10/25. SMA at 50 days reached $125.71, while 200 days put it at $113.40.
Levels Of Support And Resistance For EMR Stock
The 24-hour chart illustrates a support level at 117.07, which if violated will result in even more drops to 116.21. On the upside, there is a resistance level at 118.95. A further resistance level may holdings at 119.97. The Relative Strength Index (RSI) on the 14-day chart is 30.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.51%. Stochastics %K at 14.98% indicates the stock is a buying.
How much short interest is there in Emerson Electric Co?
A steep rise in short interest was recorded in Emerson Electric Co stocks on 2024-12-13, growing by 0.97 million shares to a total of 12.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 11.29 million shares. There was a rise of 7.9%, 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.
