EMR Stock Recent News
EMR LATEST HEADLINES
Emerson Electric (EMR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Industrial stocks have been doing well overall, with the sector up around 20% over the past year despite a recent pullback. Eaton has shifted its business to focus on electrical products and has a material backlog.
In the most recent trading session, Emerson Electric (EMR) closed at $109.89, indicating a +0.26% shift from the previous trading day.
ST. LOUIS , April 17, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) will report its second quarter results prior to market open on Wednesday, May 8, 2024. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m.
Emerson Electric has successfully restructured its business model and consistently beaten profit forecasts in recent quarters. Emerson's dividend growth rate could increase significantly in the future. Emerson's growth prospects lie in industries such as LNG, nuclear, life sciences, and mining, where it offers products and services to meet the demand for cleaner energy and climate change mitigation.
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Emerson (EMR) benefits from strength across its businesses, strategic acquisitions and shareholder-friendly policies. However, escalating operating costs and expenses are concerning.
Emerson Electric (NYSE: EMR) stock price has joined other popular industrial companies like GE, Caterpillar, and Illinois Tool Works that have surged to a record high. It surged to a high of $111 on Monday, a 35% increase in the past 12 months.
Dividend Aristocrats—companies listed on the S&P 500 that have increased their dividends for at least 25 consecutive years—can be a good option for investors looking for income and growth. They are often considered reliable income sources and indicate a company's financial health.