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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Emerson Electric (NYSE: EMR) hit a new 52-week high Thursday as it is currently trading at $58.37, above its previous 52-week high of $58.36 with two million shares traded as of 12:56 p.m. ET. Average volume has been 3.4 million shares over the past 30 days. Emerson Electric has a market cap of $41.94 billion and is part of the industrial goods sector and industrial industry. Shares are up 9.7% year to date as of the close of trading on Wednesday. Emerson Electric Co., a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7.