Emerson Electric Co. (EMR) : Delaney Dennis R reduced its stake in Emerson Electric Co. by 9.27% during the most recent quarter end. The investment management company now holds a total of 13,370 shares of Emerson Electric Co. which is valued at $722,381 after selling 1,366 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Emerson Electric Co. makes up approximately 1.50% of Delaney Dennis R’s portfolio.
Other Hedge Funds, Including , Morningstar Investment Services boosted its stake in EMR in the latest quarter, The investment management firm added 68,606 additional shares and now holds a total of 364,998 shares of Emerson Electric Co. which is valued at $19,633,242. Emerson Electric Co. makes up approx 0.61% of Morningstar Investment Services’s portfolio. Sanders Morris Harris sold out all of its stake in EMR during the most recent quarter. The investment firm sold 7,651 shares of EMR which is valued $428,762.Quantres Asset Management Ltd reduced its stake in EMR by selling 20,400 shares or 49.04% in the most recent quarter. The Hedge Fund company now holds 21,200 shares of EMR which is valued at $1,183,172. Emerson Electric Co. makes up approx 0.70% of Quantres Asset Management Ltd’s portfolio.Cribstone Capital Management reduced its stake in EMR by selling 16,917 shares or 47.96% in the most recent quarter. The Hedge Fund company now holds 18,359 shares of EMR which is valued at $1,031,409. Emerson Electric Co. makes up approx 0.64% of Cribstone Capital Management’s portfolio.
Emerson Electric Co. opened for trading at $54.06 and hit $54.84 on the upside on Monday, eventually ending the session at $54.71, with a gain of 1.37% or 0.74 points. The heightened volatility saw the trading volume jump to 29,45,170 shares. Company has a market cap of $35,208 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 Resumed by JP Morgan to “Neutral” on Aug 8, 2016. Emerson Electric Co. was Downgraded by CLSA to ” Sell” on Aug 3, 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.