Emerson Electric Co. [NYSE: EMR] gained 1.72% on the last trading session, reaching $99.33 price per share at the time. The company report on September 14, 2021 that Backcast Partners provides senior secured debt and preferred equity to finance a new platform for Turnspire Capital Partners.
Backcast Partners Management, LLC (“Backcast”), a provider of capital for both middle market private equity and non-private equity owned companies, is pleased to announce its most recent investment supporting the acquisition by Turnspire Capital Partners (“Turnspire”) of the Daniel Measurement and Control business (“Daniel” or the “Company”) from Emerson Electric Co. (NYSE: EMR).
Headquartered in Houston with a state-of-the-art, strategically located manufacturing facility in Chihuahua, Mexico, Daniel is a global leader in providing flow and energy measurement technologies and services to the natural gas and refined hydrocarbon industries. With an 85-year heritage as the preeminent supplier of engineered solutions for flow measurement in custody transfer applications, Daniel is the most trusted brand for customers across the energy and hydrocarbon supply chain.
Emerson Electric Co. represents 598.20 million in outstanding shares, while the company has a total market value of $59.37 billion with the latest information. EMR stock price has been found in the range of $97.14 to $99.545.
If compared to the average trading volume of 2.30M shares, EMR reached a trading volume of 3577859 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Emerson Electric Co. [EMR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EMR shares is $109.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EMR stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Gordon Haskett have made an estimate for Emerson Electric Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2021. While these analysts kept the previous recommendation, Goldman raised their target price from $89 to $97. The new note on the price target was released on January 19, 2021, representing the official price target for Emerson Electric Co. stock. Previously, the target price had yet another raise from $69 to $100, while UBS kept a Buy rating on EMR stock.
The Average True Range (ATR) for Emerson Electric Co. is set at 1.78, with the Price to Sales ratio for EMR stock in the period of the last 12 months amounting to 3.33. The Price to Book ratio for the last quarter was 6.40, with the Price to Cash per share for the same quarter was set at 4.78. Price to Free Cash Flow for EMR in the course of the last twelve months was 27.21 with Quick ratio for the last quarter at 1.00.
Trading performance analysis for EMR stock
Emerson Electric Co. [EMR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.66. With this latest performance, EMR shares dropped by -4.16% in over the last four-week period, additionally plugging by 9.73% over the last 6 months – not to mention a rise of 45.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EMR stock in for the last two-week period is set at 40.93, with the RSI for the last a single of trading hit 36.55, and the three-weeks RSI is set at 44.78 for Emerson Electric Co. [EMR]. The present Moving Average for the last 50 days of trading for this stock 100.82, while it was recorded at 99.26 for the last single week of trading, and 91.69 for the last 200 days.
Emerson Electric Co. [EMR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Emerson Electric Co. [EMR] shares currently have an operating margin of +16.63 and a Gross Margin at +40.38. Emerson Electric Co.’s Net Margin is presently recorded at +11.70.
Return on Total Capital for EMR is now 18.35, given the latest momentum, and Return on Invested Capital for the company is 14.23. Return on Equity for this stock inclined to 23.62, with Return on Assets sitting at 9.06. When it comes to the capital structure of this company, Emerson Electric Co. [EMR] has a Total Debt to Total Equity ratio set at 95.26. Additionally, EMR Total Debt to Total Capital is recorded at 48.79, with Total Debt to Total Assets ending up at 34.99. Long-Term Debt to Equity for the company is recorded at 79.70, with the Long-Term Debt to Total Capital now at 40.82.
Reflecting on the efficiency of the workforce at the company, Emerson Electric Co. [EMR] managed to generate an average of $23,533 per employee. Receivables Turnover for the company is 5.01 with a Total Asset Turnover recorded at a value of 0.77.Emerson Electric Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.30.
Emerson Electric Co. [EMR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EMR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Emerson Electric Co. go to 12.90%.
An analysis of insider ownership at Emerson Electric Co. [EMR]
There are presently around $43,958 million, or 75.30% of EMR stock, in the hands of institutional investors. The top three institutional holders of EMR stocks are: VANGUARD GROUP INC with ownership of 50,616,504, which is approximately 0.702% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 38,289,955 shares of the stock with an approximate value of $3.8 billion in EMR stocks shares; and STATE STREET CORP, currently with $2.66 billion in EMR stock with ownership of nearly -0.492% of the company’s market capitalization.
Positions in Emerson Electric Co. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 766 institutional holders increased their position in Emerson Electric Co. [NYSE:EMR] by around 23,762,370 shares. Additionally, 701 investors decreased positions by around 26,238,860 shares, while 328 investors held positions by with 392,541,607 shares. The mentioned changes placed institutional holdings at 442,542,837 shares, according to the latest SEC report filing. EMR stock had 125 new institutional investments in for a total of 2,986,410 shares, while 81 institutional investors sold positions of 9,617,789 shares during the same period.