Emerson Electric Co. (EMR) : First Fiduciary Investment Counsel scooped up 2,871 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 12, 2016. The investment management firm now holds a total of 253,886 shares of Emerson Electric Co. which is valued at $13,702,227.Emerson Electric Co. makes up approximately 2.82% of First Fiduciary Investment Counsel’s portfolio.
Other Hedge Funds, Including , Yorktown Management Research Co Inc sold out all of its stake in EMR during the most recent quarter. The investment firm sold 3,700 shares of EMR which is valued $199,689.Washington Trust Co reduced its stake in EMR by selling 690 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 12,922 shares of EMR which is valued at $697,400. Emerson Electric Co. makes up approx 0.04% of Washington Trust Co’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in EMR in the latest quarter, The investment management firm added 1,078 additional shares and now holds a total of 96,050 shares of Emerson Electric Co. which is valued at $5,082,006. Emerson Electric Co. makes up approx 0.13% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Chemung Canal Trust Co reduced its stake in EMR by selling 89,373 shares or 50.01% in the most recent quarter. The Hedge Fund company now holds 89,321 shares of EMR which is valued at $4,993,044. Emerson Electric Co. makes up approx 1.15% of Chemung Canal Trust Co’s portfolio.Eastern Bank boosted its stake in EMR in the latest quarter, The investment management firm added 2,536 additional shares and now holds a total of 301,660 shares of Emerson Electric Co. which is valued at $16,950,275. Emerson Electric Co. makes up approx 1.33% of Eastern Bank’s portfolio.
Emerson Electric Co. (EMR) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $53.73 and reached the intraday high at $54.05. The bulls started the profit booking and pushed the shares to intraday low of $53.58. The trading session was marked by a volume range of 26,59,710 shares exchanging hands. The 52-week high of the shares is $56.82 and the 52-week low is $41.25. The market cap of the company stands at $34,577 M and there are 64,35,37,430 shares in public circulation.
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.