Emerson Electric Co. (EMR) : Advisors Management Group Inc Adv scooped up 45 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 46,567 shares of Emerson Electric Co. which is valued at $2,513,221.Emerson Electric Co. makes up approximately 1.71% of Advisors Management Group Inc Adv’s portfolio.
Other Hedge Funds, Including , Scotia Capital boosted its stake in EMR in the latest quarter, The investment management firm added 5,545 additional shares and now holds a total of 74,591 shares of Emerson Electric Co. which is valued at $4,025,676. Emerson Electric Co. makes up approx 0.09% of Scotia Capital’s portfolio.Isthmus Partners reduced its stake in EMR by selling 833 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 112,764 shares of EMR which is valued at $6,092,639. Emerson Electric Co. makes up approx 1.91% of Isthmus Partners’s portfolio.Feltz Wealth Plan boosted its stake in EMR in the latest quarter, The investment management firm added 24,980 additional shares and now holds a total of 54,687 shares of Emerson Electric Co. which is valued at $2,954,739. Emerson Electric Co. makes up approx 0.16% of Feltz Wealth Plan’s portfolio.Birmingham Capital Management Co Incal reduced its stake in EMR by selling 14,585 shares or 12.11% in the most recent quarter. The Hedge Fund company now holds 105,875 shares of EMR which is valued at $5,695,016. Emerson Electric Co. makes up approx 2.46% of Birmingham Capital Management Co Incal’s portfolio.Daiwa Securities Group reduced its stake in EMR by selling 17,400 shares or 24.07% in the most recent quarter. The Hedge Fund company now holds 54,880 shares of EMR which is valued at $3,075,475. Emerson Electric Co. makes up approx 0.02% of Daiwa Securities Group’s portfolio.
Emerson Electric Co. opened for trading at $53.15 and hit $54.06 on the upside on Tuesday, eventually ending the session at $53.98, with a gain of 2.00% or 1.06 points. The heightened volatility saw the trading volume jump to 49,83,321 shares. Company has a market cap of $34,738 M.
On the company’s financial health, Emerson Electric Co. reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.63. The company had revenue of $4928.00 million for the quarter, compared to analysts expectations of $4896.67 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on Emerson Electric Co.. Emerson Electric Co. was Downgraded by Credit Suisse to ” Neutral” on Aug 19, 2016. Emerson Electric Co. was Downgraded by Buckingham Research to ” Underperform” on Aug 19, 2016. Emerson Electric Co. was Resumed by JP Morgan to “Neutral” on Aug 8, 2016.
Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial commercial and consumer markets around the world. The company operates through five business segments: Process Management Industrial Automation Network Power Climate Technologies and Commercial & Residential Solutions. The Process Management segment provides measurement control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs manufactures installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.