Macnealy Hoover Investment Management Inc Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Macnealy Hoover Investment Management Inc reduced its stake in Emerson Electric Co. by 2.52% during the most recent quarter end. The investment management company now holds a total of 35,658 shares of Emerson Electric Co. which is valued at $1,846,015 after selling 920 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Emerson Electric Co. makes up approximately 0.35% of Macnealy Hoover Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in EMR by selling 3,373 shares or 3.84% in the most recent quarter. The Hedge Fund company now holds 84,400 shares of EMR which is valued at $4,369,388. Emerson Electric Co. makes up approx 0.18% of Gofen Glossberg Il’s portfolio.Chevy Chase Trust Holdings reduced its stake in EMR by selling 15,411 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 553,334 shares of EMR which is valued at $29,708,502. Emerson Electric Co. makes up approx 0.16% of Chevy Chase Trust Holdings’s portfolio.North Star Asset Management Inc reduced its stake in EMR by selling 3,530 shares or 12.66% in the most recent quarter. The Hedge Fund company now holds 24,354 shares of EMR which is valued at $1,307,566. Emerson Electric Co. makes up approx 0.15% of North Star Asset Management Inc’s portfolio.Washington Trust Bank reduced its stake in EMR by selling 3,593 shares or 46.7% in the most recent quarter. The Hedge Fund company now holds 4,101 shares of EMR which is valued at $220,183. Emerson Electric Co. makes up approx 0.05% of Washington Trust Bank’s portfolio. Highwater Wealth Management added EMR to its portfolio by purchasing 4,531 company shares during the most recent quarter which is valued at $243,269. Emerson Electric Co. makes up approx 1.37% of Highwater Wealth Management’s portfolio.

Emerson Electric Co. closed down -0.98 points or -1.89% at $50.79 with 46,56,819 shares getting traded on Tuesday. Post opening the session at $51.53, the shares hit an intraday low of $50.53 and an intraday high of $51.68 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Initiated by HSBC Securities to “Reduce” on Oct 7, 2016. Berenberg Initiated Emerson Electric Co. on Oct 3, 2016 to “Sell”, Price Target of the shares are set at $41.Emerson Electric Co. was Downgraded by Credit Suisse to ” Neutral” on Aug 19, 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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