Adams Asset Advisors buys $2,569,387 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Adams Asset Advisors scooped up 1,014 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 51,183 shares of Emerson Electric Co. which is valued at $2,569,387.Emerson Electric Co. makes up approximately 0.36% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Edge Wealth Management boosted its stake in EMR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 76,724 shares of Emerson Electric Co. which is valued at $3,851,545. Emerson Electric Co. makes up approx 1.62% of Edge Wealth Management’s portfolio.Capstone Asset Management Co reduced its stake in EMR by selling 450 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 332,446 shares of EMR which is valued at $16,884,932. Emerson Electric Co. makes up approx 0.49% of Capstone Asset Management Co’s portfolio.Keystone Financial Planning boosted its stake in EMR in the latest quarter, The investment management firm added 498 additional shares and now holds a total of 89,948 shares of Emerson Electric Co. which is valued at $4,568,459. Emerson Electric Co. makes up approx 3.06% of Keystone Financial Planning’s portfolio.Canandaigua National Bank Trust Co reduced its stake in EMR by selling 547 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 25,768 shares of EMR which is valued at $1,308,757. Emerson Electric Co. makes up approx 0.39% of Canandaigua National Bank Trust Co’s portfolio.Beacon Financial Group boosted its stake in EMR in the latest quarter, The investment management firm added 4,145 additional shares and now holds a total of 126,240 shares of Emerson Electric Co. which is valued at $6,777,826. Emerson Electric Co. makes up approx 1.43% of Beacon Financial Group’s portfolio.

Emerson Electric Co. closed down -0.98 points or -1.89% at $50.79 with 46,56,819 shares getting traded on Tuesday. Post opening the session at $51.53, the shares hit an intraday low of $50.53 and an intraday high of $51.68 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Initiated by HSBC Securities to “Reduce” on Oct 7, 2016. Berenberg Initiated Emerson Electric Co. on Oct 3, 2016 to “Sell”, Price Target of the shares are set at $41.Emerson Electric Co. was Downgraded by Credit Suisse to ” Neutral” on Aug 19, 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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