Webster Bank N. A. Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Webster Bank N. A. reduced its stake in Emerson Electric Co. by 11.63% during the most recent quarter end. The investment management company now holds a total of 3,800 shares of Emerson Electric Co. which is valued at $189,544 after selling 500 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Emerson Electric Co. makes up approximately 0.03% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Charter Trust Co reduced its stake in EMR by selling 696 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 93,708 shares of EMR which is valued at $4,674,155. Emerson Electric Co. makes up approx 0.54% of Charter Trust Co’s portfolio.Private Trust Co Na boosted its stake in EMR in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 9,111 shares of Emerson Electric Co. which is valued at $457,372. Emerson Electric Co. makes up approx 0.11% of Private Trust Co Na’s portfolio.Investment Management Of Virginia reduced its stake in EMR by selling 375 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 28,185 shares of EMR which is valued at $1,414,887. Emerson Electric Co. makes up approx 0.36% of Investment Management Of Virginia’s portfolio.Needelman Asset Management Inc reduced its stake in EMR by selling 525 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 17,265 shares of EMR which is valued at $866,703. Emerson Electric Co. makes up approx 2.67% of Needelman Asset Management Inc’s portfolio.Carl Domino Inc reduced its stake in EMR by selling 1,000 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 16,415 shares of EMR which is valued at $833,718. Emerson Electric Co. makes up approx 0.79% of Carl Domino Inc’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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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