Dec. 21 (Bloomberg) -- Emerson Electric Co. declined the most since Sept. 30 after reporting November orders that were lower than analysts’ estimates.
Emerson fell 5.4 percent to $46.97 at 4 p.m. in New York trading. The shares have dropped 18 percent this year.
The St. Louis-based company’s trailing three-month orders for November, excluding foreign exchange, rose 4 to 5 percent compared with 8 percent in October and below the guidance range of 5 to 7 percent, Julian Mitchell, a New York-based analyst with Credit Suisse, said in a note today.
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