Emerson Electric Co. (EMR) : Qv Investors scooped up 17,730 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 606,308 shares of Emerson Electric Co. which is valued at $32,758,821.Emerson Electric Co. makes up approximately 4.06% of Qv Investors’s portfolio.
Other Hedge Funds, Including , Moors Cabot boosted its stake in EMR in the latest quarter, The investment management firm added 216 additional shares and now holds a total of 47,930 shares of Emerson Electric Co. which is valued at $2,589,658. Emerson Electric Co. makes up approx 0.44% of Moors Cabot’s portfolio.Davidson Garrard Inc boosted its stake in EMR in the latest quarter, The investment management firm added 1,985 additional shares and now holds a total of 36,856 shares of Emerson Electric Co. which is valued at $1,982,484. Emerson Electric Co. makes up approx 0.47% of Davidson Garrard Inc’s portfolio.Woodstock Corp reduced its stake in EMR by selling 400 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 110,637 shares of EMR which is valued at $5,853,804. Emerson Electric Co. makes up approx 1.17% of Woodstock Corp’s portfolio.Everett Harris Co Ca reduced its stake in EMR by selling 1,800 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 63,400 shares of EMR which is valued at $3,354,494. Emerson Electric Co. makes up approx 0.12% of Everett Harris Co Ca’s portfolio.Tradition Capital Management reduced its stake in EMR by selling 720 shares or 7.8% in the most recent quarter. The Hedge Fund company now holds 8,508 shares of EMR which is valued at $450,158. Emerson Electric Co. makes up approx 0.15% of Tradition Capital Management’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.