Emerson Electric Co. (EMR) : Altavista Wealth Management scooped up 484 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 52,609 shares of Emerson Electric Co. which is valued at $2,839,308.Emerson Electric Co. makes up approximately 1.52% of Altavista Wealth Management’s portfolio.
Other Hedge Funds, Including , Notis-mcconarty Edward reduced its stake in EMR by selling 5,670 shares or 17.09% in the most recent quarter. The Hedge Fund company now holds 27,500 shares of EMR which is valued at $1,485,825. Emerson Electric Co. makes up approx 1.01% of Notis-mcconarty Edward’s portfolio.Twin Capital Management Inc reduced its stake in EMR by selling 10 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 78,110 shares of EMR which is valued at $4,220,283. Emerson Electric Co. makes up approx 0.31% of Twin Capital Management Inc’s portfolio.Fort Pitt Capital Group boosted its stake in EMR in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 3,913 shares of Emerson Electric Co. which is valued at $207,037. Emerson Electric Co. makes up approx 0.02% of Fort Pitt Capital Group’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 Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.