Smith Moore buys $1,615,174 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Smith Moore scooped up 1,920 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 29,097 shares of Emerson Electric Co. which is valued at $1,615,174.Emerson Electric Co. makes up approximately 0.66% of Smith Moore’s portfolio.

Other Hedge Funds, Including , Moors Cabot boosted its stake in EMR in the latest quarter, The investment management firm added 1,149 additional shares and now holds a total of 49,079 shares of Emerson Electric Co. which is valued at $2,723,885. Emerson Electric Co. makes up approx 0.46% of Moors Cabot’s portfolio.Lipe Dalton boosted its stake in EMR in the latest quarter, The investment management firm added 1,890 additional shares and now holds a total of 45,420 shares of Emerson Electric Co. which is valued at $2,532,165. Emerson Electric Co. makes up approx 1.82% of Lipe Dalton’s portfolio.Clark Estates Incny reduced its stake in EMR by selling 50,075 shares or 12.77% in the most recent quarter. The Hedge Fund company now holds 342,131 shares of EMR which is valued at $17,257,088. Emerson Electric Co. makes up approx 3.43% of Clark Estates Incny’s portfolio.Kanawha Capital Management boosted its stake in EMR in the latest quarter, The investment management firm added 1,303 additional shares and now holds a total of 100,801 shares of Emerson Electric Co. which is valued at $5,084,402. Emerson Electric Co. makes up approx 0.87% of Kanawha Capital Management’s portfolio.

Emerson Electric Co. closed down -0.5 points or -0.91% at $54.2 with 44,28,800 shares getting traded on Monday. Post opening the session at $54.57, the shares hit an intraday low of $54.01 and an intraday high of $54.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Emerson Electric Co. reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.89. The company had revenue of $3932.00 million for the quarter, compared to analysts expectations of $5519.58 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 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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