Emerson Electric Co. (EMR) : Sva Plumb Wealth Management reduced its stake in Emerson Electric Co. by 28.84% during the most recent quarter end. The investment management company now holds a total of 93,441 shares of Emerson Electric Co. which is valued at $5,043,011 after selling 37,875 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Emerson Electric Co. makes up approximately 0.78% of Sva Plumb Wealth Management’s portfolio.
Other Hedge Funds, Including , Clinton Group Inc sold out all of its stake in EMR during the most recent quarter. The investment firm sold 11,429 shares of EMR which is valued $616,823.Advisor Partners boosted its stake in EMR in the latest quarter, The investment management firm added 1,131 additional shares and now holds a total of 12,382 shares of Emerson Electric Co. which is valued at $668,257. Emerson Electric Co. makes up approx 0.23% of Advisor Partners’s portfolio.Hutchinson Capital Managementca reduced its stake in EMR by selling 623 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 197,376 shares of EMR which is valued at $10,443,164. Emerson Electric Co. makes up approx 3.10% of Hutchinson Capital Managementca’s portfolio.Delta Asset Managementtn boosted its stake in EMR in the latest quarter, The investment management firm added 1,291 additional shares and now holds a total of 99,628 shares of Emerson Electric Co. which is valued at $5,560,239. Emerson Electric Co. makes up approx 0.94% of Delta Asset Managementtn’s portfolio.Albert D Mason Inc boosted its stake in EMR in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 44,075 shares of Emerson Electric Co. which is valued at $2,476,134. Emerson Electric Co. makes up approx 1.51% of Albert D Mason Inc’s portfolio.
Emerson Electric Co. (EMR) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $53.73 and reached the intraday high at $54.05. The bulls started the profit booking and pushed the shares to intraday low of $53.58. The trading session was marked by a volume range of 26,59,710 shares exchanging hands. The 52-week high of the shares is $56.82 and the 52-week low is $41.25. The market cap of the company stands at $34,577 M and there are 64,35,37,430 shares in public circulation.
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 Credit Suisse to ” Neutral” on Aug 19, 2016. Emerson Electric Co. was Downgraded by Buckingham Research to ” Underperform” on Aug 19, 2016. Emerson Electric Co. was Resumed by JP Morgan to “Neutral” on Aug 8, 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.