What Will Happen to Emerson Electric Co. (EMR) Next? The Stock Formed a Several Months Descending Triangle Chart Pattern

May 23, 2018 - By Adrian Mccoy

Emerson Electric Co. (NYSE:EMR) Logo

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.09, from 0.86 in 2017Q3. It improved, as 58 investors sold Emerson Electric Co. shares while 427 reduced holdings. 107 funds opened positions while 353 raised stakes. 429.74 million shares or 0.74% less from 432.93 million shares in 2017Q3 were reported.
Zwj Investment Counsel Inc reported 0.02% stake. Checchi Cap Advisers has 7,237 shares. Jefferies Grp Lc holds 0% or 490 shares. Bell Savings Bank accumulated 0.64% or 32,803 shares. 187,253 were reported by Cushing Asset L P. Papp L Roy Associates reported 113,068 shares. Renaissance Technology Lc accumulated 1.21M shares or 0.09% of the stock. Salient Lta has invested 0.09% in Emerson Electric Co. (NYSE:EMR). 3,954 are held by Bkd Wealth Limited Liability Company. Ahl Prtn Ltd Liability Partnership owns 115,491 shares. Charter Trust Company owns 78,735 shares. 606,800 were reported by Pension Ser. Drw Securities Lc accumulated 9,000 shares. Harvest Management Ltd Liability Company accumulated 0.23% or 5,000 shares. Calamos Advisors, a Illinois-based fund reported 567,243 shares.

Since December 11, 2017, it had 0 insider purchases, and 1 insider sale for $498,900 activity.

The stock of Emerson Electric Co. (EMR) formed a descending triangle with $79.12 target or 8.00 % above today’s $73.26 share price. The 9 months triangle pattern indicates low risk for the $46.16 billion company. If the $79.12 price target is reached, the company will be worth $3.69B more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 1.11% or $0.82 during the last trading session, reaching $73.26. About 2.00M shares traded. Emerson Electric Co. (NYSE:EMR) has risen 16.24% since May 23, 2017 and is uptrending. It has outperformed by 4.69% the S&P500.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on August, 7. They expect $0.86 EPS, up 26.47 % or $0.18 from last year’s $0.68 per share. EMR’s profit will be $541.87M for 21.30 P/E if the $0.86 EPS becomes a reality. After $0.76 actual EPS reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts 13.16 % EPS growth.

Emerson Electric Co. (NYSE:EMR) Ratings Coverage

Among 13 analysts covering Emerson Electric (NYSE:EMR), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. Emerson Electric had 23 analyst reports since November 28, 2017 according to SRatingsIntel. As per Wednesday, January 3, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Tuesday, December 5 by RBC Capital Markets. The stock of Emerson Electric Co. (NYSE:EMR) earned “Hold” rating by Robert W. Baird on Tuesday, February 6. Robert W. Baird maintained it with “Hold” rating and $7700 target in Wednesday, April 4 report. On Tuesday, April 24 the stock rating was upgraded by Berenberg to “Hold”. On Tuesday, April 3 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Emerson Electric Co. (NYSE:EMR) has “Buy” rating given on Monday, January 22 by Cowen & Co. The firm has “Market Perform” rating given on Thursday, February 1 by JMP Securities. The firm has “Outperform” rating given on Wednesday, February 14 by RBC Capital Markets. The rating was maintained by Citigroup with “Sell” on Wednesday, May 2.

More notable recent Emerson Electric Co. (NYSE:EMR) news were published by: Businesswire.com which released: “Emerson to Make Available Materials from the Company’s Presentation at Electrical Products Group Conference” on May 23, 2018, also Benzinga.com with their article: “Emerson Electric Q2 Earnings Preview” published on April 30, 2018, Seekingalpha.com published: “Emerson Electric: An Autonomous Future” on May 09, 2018. More interesting news about Emerson Electric Co. (NYSE:EMR) were released by: Seekingalpha.com and their article: “Emerson Electric’s (EMR) CEO David Farr on Acquisition of Aventics from Triton Conference Call (Transcript)” published on May 18, 2018 as well as Streetinsider.com‘s news article titled: “Emerson Electric (EMR) Reports Agreement to Acquire Aventics from Triton for Approx $621.5M” with publication date: May 17, 2018.

Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. The company has market cap of $46.16 billion. The companyÂ’s Process Management segment offers systems and software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; and digital plant architecture solutions. It has a 29.53 P/E ratio. It also provides consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of gas and oil reservoirs and plants.

Emerson Electric Co. (NYSE:EMR) Institutional Positions Chart

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