St. James Investment Company buys $5,272,958 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : St. James Investment Company scooped up 50,616 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 1, 2016. The investment management firm now holds a total of 99,659 shares of Emerson Electric Co. which is valued at $5,272,958.Emerson Electric Co. makes up approximately 0.65% of St. James Investment Company’s portfolio.

Other Hedge Funds, Including , 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.Kanawha Capital Management reduced its stake in EMR by selling 2,032 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 99,498 shares of EMR which is valued at $5,561,938. Emerson Electric Co. makes up approx 0.90% of Kanawha Capital Management’s portfolio.Ftb Advisors boosted its stake in EMR in the latest quarter, The investment management firm added 177 additional shares and now holds a total of 8,857 shares of Emerson Electric Co. which is valued at $495,106. Emerson Electric Co. makes up approx 0.07% of Ftb Advisors’s portfolio. Sanders Morris Harris sold out all of its stake in EMR during the most recent quarter. The investment firm sold 7,651 shares of EMR which is valued $428,762.Nordea Investment Management Ab boosted its stake in EMR in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 128,238 shares of Emerson Electric Co. which is valued at $7,204,411. Emerson Electric Co. makes up approx 0.02% of Nordea Investment Management Ab’s portfolio.

Emerson Electric Co. opened for trading at $52.96 and hit $53.46 on the upside on Thursday, eventually ending the session at $53.03, with a gain of 0.23% or 0.12 points. The heightened volatility saw the trading volume jump to 35,51,905 shares. Company has a market cap of $34,117 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 Downgraded by CLSA to ” Sell” on Aug 3, 2016. Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Hold”, Firm has raised the Price Target to $ 55 from a previous price target of $44 .Shares were Reiterated by Stifel on May 4, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $61 .

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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