Emerson Electric Co. is experiencing significant insider selling, with executives divesting $2.6 million in shares and holding only 0.3% of the company. This comes despite the company reporting a revenue of $4.35 billion last quarter and maintaining profitability while repositioning towards high-margin, recurring revenue from software and sensors. Ranked as a top defensive stock, Emerson's backlog has risen to $7.9 billion, and it is expected to announce earnings of $1.55 per share, reflecting ongoing growth prospects.
“EMR | Emerson Electric Co. | 28.6875 | 31.41”
“Emerson Electric Co. · insiders sold · substantial stake · in the company”
“insiders of Emerson Electric · did not buy · any shares · in the last year”
“insiders sold · worth · US$2.6m · of shares in the last quarter”
“Emerson Electric insiders · own · shares worth · about US$210m”
“Emerson Electric insiders · own · 0.3% of the company”
“insiders haven't bought Emerson Electric stock · in the last three months”
“Emerson Electric · is · profitable and growing”
“Continuous Emission Monitoring Systems Market · has prominent players including · ABB, Siemens, Emerson Electric Co. · List”
“Emerson Electric (EMR) · ended the recent trading session at · $142.77 · -1.42% change from the preceding day's closing price”
“Emerson Electric Co. (NYSE:EMR) · ranks · 7th on the list of Best Defensive Stocks to Invest In Now”
“Emerson Electric Co. (NYSE:EMR) · has emerged as · a premier defensive stock”