Eagle Ridge Investment Management Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Eagle Ridge Investment Management reduced its stake in Emerson Electric Co. by 5.53% during the most recent quarter end. The investment management company now holds a total of 63,107 shares of Emerson Electric Co. which is valued at $3,500,545 after selling 3,695 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Emerson Electric Co. makes up approximately 0.80% of Eagle Ridge Investment Management’s portfolio.

Emerson Electric Co. opened for trading at $56.23 and hit $56.82 on the upside on Wednesday, eventually ending the session at $56.29, with a gain of 0.32% or 0.18 points. The heightened volatility saw the trading volume jump to 42,00,641 shares. Company has a market cap of $36,201 M.

Other Hedge Funds, Including , Headinvest reduced its stake in EMR by selling 1,377 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 88,751 shares of EMR which is valued at $4,923,018. Emerson Electric Co. makes up approx 1.91% of Headinvest’s portfolio. Warren Averett Asset Management sold out all of its stake in EMR during the most recent quarter. The investment firm sold 4,980 shares of EMR which is valued $276,241.Centurylink Investment Management Co boosted its stake in EMR in the latest quarter, The investment management firm added 3,132 additional shares and now holds a total of 38,978 shares of Emerson Electric Co. which is valued at $2,162,110. Emerson Electric Co. makes up approx 0.77% of Centurylink Investment Management Co’s portfolio.Next Financial Group Inc reduced its stake in EMR by selling 9,041 shares or 64.44% in the most recent quarter. The Hedge Fund company now holds 4,989 shares of EMR which is valued at $276,740. Emerson Electric Co. makes up approx 0.10% of Next Financial Group Inc’s portfolio.

On the company’s financial health, Emerson Electric Co. reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.51. The company had revenue of $4713.00 million for the quarter, compared to analysts expectations of $4621.71 million. The company’s revenue was down -15.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Emerson Electric Co.. Emerson Electric Co. was Downgraded by Standpoint Research to ” Hold” on Feb 29, 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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