Stone Run Capital buys $5,378,111 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Stone Run Capital scooped up 4,900 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 15, 2016. The investment management firm now holds a total of 99,650 shares of Emerson Electric Co. which is valued at $5,378,111.Emerson Electric Co. makes up approximately 3.37% of Stone Run Capital’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The reduced its stake in EMR by selling 68,900 shares or 5.92% in the most recent quarter. The Hedge Fund company now holds 1,095,830 shares of EMR which is valued at $59,141,945. Emerson Electric Co. makes up approx 0.09% of Manufacturers Life Insurance Company The’s portfolio.National Planning Corp reduced its stake in EMR by selling 7 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 9,821 shares of EMR which is valued at $533,379. Emerson Electric Co. makes up approx 0.04% of National Planning Corp’s portfolio. Tortoise Investment Management added EMR to its portfolio by purchasing 66 company shares during the most recent quarter which is valued at $3,492.Rockland Trust Co boosted its stake in EMR in the latest quarter, The investment management firm added 5,904 additional shares and now holds a total of 77,969 shares of Emerson Electric Co. which is valued at $4,351,450. Emerson Electric Co. makes up approx 0.72% of Rockland Trust Co’s portfolio.

Emerson Electric Co. closed down -0.02 points or -0.04% at $52.66 with 42,59,234 shares getting traded on Thursday. Post opening the session at $53.01, the shares hit an intraday low of $52.18 and an intraday high of $53.01 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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