Emerson Electric (NYSE:EMR) hit a new 52-week high Friday as it is currently trading at $59.06, above its previous 52-week high of $59 with 1.9 million shares traded as of 11:15 a.m. ET. Average volume has been 3.7 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 Friday as it is currently trading at $59.06, above its previous 52-week high of $59 with 1.9 million shares traded as of 11:15 a.m. ET. Average volume has been 3.7 million shares over the past 30 days. Emerson Electric has a market cap of $42.05 billion and is part of the technology sector and electronics industry. Shares are up 9.6% year to date as of the close of trading on Thursday. 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 20.7, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Emerson Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, increase in stock price during the past year, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Emerson Electric Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.