Hamel Associates buys $1,805,142 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Hamel Associates scooped up 600 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 8, 2016. The investment management firm now holds a total of 33,410 shares of Emerson Electric Co. which is valued at $1,805,142.Emerson Electric Co. makes up approximately 0.95% of Hamel Associates’s portfolio.

Other Hedge Funds, Including , Hm Payson Co reduced its stake in EMR by selling 1,600 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 80,968 shares of EMR which is valued at $4,374,701. Emerson Electric Co. makes up approx 0.21% of Hm Payson Co’s portfolio.Ballentine Partners boosted its stake in EMR in the latest quarter, The investment management firm added 983 additional shares and now holds a total of 6,359 shares of Emerson Electric Co. which is valued at $336,455. Emerson Electric Co. makes up approx 0.03% of Ballentine Partners’s portfolio.Montag A Associates Inc boosted its stake in EMR in the latest quarter, The investment management firm added 2,338 additional shares and now holds a total of 19,132 shares of Emerson Electric Co. which is valued at $1,012,274. Emerson Electric Co. makes up approx 0.13% of Montag A Associates Inc’s portfolio.First Citizens Bank Trust Co boosted its stake in EMR in the latest quarter, The investment management firm added 85,079 additional shares and now holds a total of 89,962 shares of Emerson Electric Co. which is valued at $5,028,876. Emerson Electric Co. makes up approx 0.44% of First Citizens Bank Trust Co’s portfolio.Papp L Roy Associates reduced its stake in EMR by selling 3,401 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 120,690 shares of EMR which is valued at $6,763,468. Emerson Electric Co. makes up approx 1.54% of Papp L Roy Associates’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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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