Emerson Electric Co. (EMR) : Sarasin Partners Llp has sold out all of its stake in Emerson Electric Co. during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 606,044 shares of Emerson Electric Co. which is valued at $30,229,475.
Other Hedge Funds, Including , Pennsylvania Trust Co boosted its stake in EMR in the latest quarter, The investment management firm added 448 additional shares and now holds a total of 64,526 shares of Emerson Electric Co. which is valued at $3,218,557. Emerson Electric Co. makes up approx 0.26% of Pennsylvania Trust Co’s portfolio.Msi Financial Services Inc boosted its stake in EMR in the latest quarter, The investment management firm added 1,540 additional shares and now holds a total of 25,909 shares of Emerson Electric Co. which is valued at $1,300,632. Emerson Electric Co. makes up approx 0.05% of Msi Financial Services Inc’s portfolio. Interactive Financial Advisors added EMR to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $965.Oregon Public Employees Retirement Fund reduced its stake in EMR by selling 36,737 shares or 19.86% in the most recent quarter. The Hedge Fund company now holds 148,200 shares of EMR which is valued at $7,672,314. Emerson Electric Co. makes up approx 0.17% of Oregon Public Employees Retirement Fund’s portfolio.
Emerson Electric Co. closed down -0.32 points or -0.64% at $49.88 with 37,90,225 shares getting traded on Friday. Post opening the session at $50.56, the shares hit an intraday low of $49.88 and an intraday high of $50.65 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.