Emerson Electric Co. (EMR) : Puzo Michael J reduced its stake in Emerson Electric Co. by 19.5% during the most recent quarter end. The investment management company now holds a total of 34,210 shares of Emerson Electric Co. which is valued at $1,848,366 after selling 8,287 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 1.19% of Puzo Michael J’s portfolio.
Other Hedge Funds, Including , Twin Capital Management Inc reduced its stake in EMR by selling 10 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 78,110 shares of EMR which is valued at $4,220,283. Emerson Electric Co. makes up approx 0.31% of Twin Capital Management Inc’s portfolio.Brown Advisory Securities reduced its stake in EMR by selling 343 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 13,972 shares of EMR which is valued at $751,554. Emerson Electric Co. makes up approx 0.23% of Brown Advisory Securities’s portfolio.Nbt Bank N A Ny reduced its stake in EMR by selling 457 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 24,461 shares of EMR which is valued at $1,315,757. Emerson Electric Co. makes up approx 0.22% of Nbt Bank N A Ny’s portfolio.Duff Phelps Investment Management Co reduced its stake in EMR by selling 310 shares or 3.57% in the most recent quarter. The Hedge Fund company now holds 8,380 shares of EMR which is valued at $468,442. Emerson Electric Co. makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio.Bartlett reduced its stake in EMR by selling 1,548 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 171,858 shares of EMR which is valued at $9,630,922. Emerson Electric Co. makes up approx 0.46% of Bartlett’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.