Emerson Electric Stock Hits New 52-Week High (EMR)
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.
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.
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TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Emerson Electric Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.