Emerson Electric Co. (EMR) : Stone Run Capital reduced its stake in Emerson Electric Co. by 9.83% during the most recent quarter end. The investment management company now holds a total of 89,850 shares of Emerson Electric Co. which is valued at $4,987,574 after selling 9,800 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Emerson Electric Co. makes up approximately 3.23% of Stone Run Capital’s portfolio.
Other Hedge Funds, Including , Hyman Charles D reduced its stake in EMR by selling 500 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 226,138 shares of EMR which is valued at $11,270,718. Emerson Electric Co. makes up approx 1.73% of Hyman Charles D’s portfolio.Livforsakringsbolaget Skandia Omsesidigt reduced its stake in EMR by selling 14,500 shares or 24.74% in the most recent quarter. The Hedge Fund company now holds 44,119 shares of EMR which is valued at $2,250,069. Emerson Electric Co. makes up approx 0.11% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Manning Napier Advisors reduced its stake in EMR by selling 2,259 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 98,730 shares of EMR which is valued at $5,035,230. Emerson Electric Co. makes up approx 0.03% of Manning Napier Advisors’s portfolio.California Public Employees Retirement System reduced its stake in EMR by selling 57,100 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 2,011,697 shares of EMR which is valued at $101,208,476. Emerson Electric Co. makes up approx 0.17% of California Public Employees Retirement System’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 Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.