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 $12.56 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.
Daiwa Securities initiated its Emerson Electric Co [EMR] rating to an Outperform in a research note published on January 28, 2025; the price target was $147. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Exane BNP Paribas started covering the stock on November 13, 2024. It rated EMR as “an Outperform”.
Price Performance Review of EMR
On Friday, Emerson Electric Co [NYSE:EMR] saw its stock fall -0.38% to $129.95. Over the last five days, the stock has lost -0.50%. Emerson Electric Co shares have risen nearly 4.86% since the year began. Nevertheless, the stocks have risen 37.15% over the past one year. While a 52-week high of $134.85 was reached on 01/23/25, a 52-week low of $91.64 was recorded on 01/13/25. SMA at 50 days reached $127.50, while 200 days put it at $114.34.
Levels Of Support And Resistance For EMR Stock
The 24-hour chart illustrates a support level at 128.93, which if violated will result in even more drops to 127.91. On the upside, there is a resistance level at 131.27. A further resistance level may holdings at 132.59. The Relative Strength Index (RSI) on the 14-day chart is 59.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.56%. Stochastics %K at 85.13% indicates the stock is a selling.
How much short interest is there in Emerson Electric Co?
A steep rise in short interest was recorded in Emerson Electric Co stocks on 2025-01-15, dropping by -1.52 million shares to a total of 10.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 12.26 million shares. There was a decline of -14.12%, which implies that there is a negative sentiment for the stock.
