3 Stocks Pushing The Industrial Industry Lower
2. As of noon trading, Emerson Electric ( EMR) is down $0.73 (-1.1%) to $63.52 on heavy volume. Thus far, 2.4 million shares of Emerson Electric exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $62.25-$65.00 after having opened the day at $63.57 as compared to the previous trading day's close of $64.25. Emerson Electric Co., a diversified technology company, designs and supplies products and technology, and delivers engineering services and solutions to the industrial, commercial, and consumer markets worldwide. Emerson Electric has a market cap of $46.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7. Shares are down 8.4% year-to-date as of the close of trading on Monday. Currently there are 5 analysts that rate Emerson Electric a buy, no analysts rate it a sell, and 14 rate it a hold. TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Emerson Electric Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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