Hl Financial Services Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Hl Financial Services reduced its stake in Emerson Electric Co. by 7.41% during the most recent quarter end. The investment management company now holds a total of 335,069 shares of Emerson Electric Co. which is valued at $18,777,267 after selling 26,813 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Emerson Electric Co. makes up approximately 0.43% of Hl Financial Services’s portfolio.

Other Hedge Funds, Including , Headinvest boosted its stake in EMR in the latest quarter, The investment management firm added 488 additional shares and now holds a total of 89,239 shares of Emerson Electric Co. which is valued at $5,000,954. Emerson Electric Co. makes up approx 1.85% of Headinvest’s portfolio.Botty Investors reduced its stake in EMR by selling 1,000 shares or 12.53% in the most recent quarter. The Hedge Fund company now holds 6,980 shares of EMR which is valued at $389,554. Emerson Electric Co. makes up approx 0.21% of Botty Investors’s portfolio.Ibm Retirement Fund reduced its stake in EMR by selling 2,672 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 84,159 shares of EMR which is valued at $4,696,914. Emerson Electric Co. makes up approx 0.17% of Ibm Retirement Fund’s portfolio.Bollard Group boosted its stake in EMR in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 58,889 shares of Emerson Electric Co. which is valued at $3,286,595. Emerson Electric Co. makes up approx 0.22% of Bollard Group’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in EMR by selling 95,602 shares or 39.94% in the most recent quarter. The Hedge Fund company now holds 143,784 shares of EMR which is valued at $7,683,817. Emerson Electric Co. makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.

Emerson Electric Co. opened for trading at $55.77 and hit $56.035 on the upside on Friday, eventually ending the session at $55.9, with a gain of 0.13% or 0.07 points. The heightened volatility saw the trading volume jump to 44,82,421 shares. Company has a market cap of $35,963 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.. Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Hold”, Firm has raised the Price Target to $ 55 from a previous price target of $44 .Shares were Reiterated by Stifel on May 4, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $61 .Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .

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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