Emerson Electric Co. (EMR) : Bks Advisors added new position in Emerson Electric Co. during the most recent quarter end. The investment management firm now holds 30,366 shares of Emerson Electric Co. which is valued at $1,640,675 , the company said in a statement filed on Aug 9, 2016 with the SEC.Emerson Electric Co. makes up approximately 0.80% of Bks Advisors’s portfolio.
Other Hedge Funds, Including , Accredited Investors reduced its stake in EMR by selling 906 shares or 11.12% in the most recent quarter. The Hedge Fund company now holds 7,241 shares of EMR which is valued at $391,231. Emerson Electric Co. makes up approx 0.10% of Accredited Investors’s portfolio.Neuberger Berman Group reduced its stake in EMR by selling 213,434 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 355,713 shares of EMR which is valued at $19,133,802. Emerson Electric Co. makes up approx 0.03% of Neuberger Berman Group’s portfolio. Atlas Browninc. added EMR to its portfolio by purchasing 4,324 company shares during the most recent quarter which is valued at $241,712. Emerson Electric Co. makes up approx 0.10% of Atlas Browninc.’s portfolio.Somerset Trust Co boosted its stake in EMR in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 20,538 shares of Emerson Electric Co. which is valued at $1,134,314. Emerson Electric Co. makes up approx 0.68% of Somerset Trust Co’s portfolio.
Emerson Electric Co. opened for trading at $54.68 and hit $54.995 on the upside on Wednesday, eventually ending the session at $54.9, with a gain of 0.60% or 0.33 points. The heightened volatility saw the trading volume jump to 21,60,485 shares. Company has a market cap of $35,330 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.