Emerson Electric Co. (EMR) : Hyman Charles D reduced its stake in Emerson Electric Co. by 2.02% during the most recent quarter end. The investment management company now holds a total of 225,078 shares of Emerson Electric Co. which is valued at $11,998,908 after selling 4,640 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on May 3, 2016.Emerson Electric Co. makes up approximately 1.88% of Hyman Charles D’s portfolio.
Other Hedge Funds, Including , Parkside Financial Bank Trust boosted its stake in EMR in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 8,947 shares of Emerson Electric Co. which is valued at $476,965. Emerson Electric Co. makes up approx 0.24% of Parkside Financial Bank Trust’s portfolio.Focused Investors reduced its stake in EMR by selling 43,600 shares or 3.01% in the most recent quarter. The Hedge Fund company now holds 1,405,100 shares of EMR which is valued at $76,760,613. Emerson Electric Co. makes up approx 2.94% of Focused Investors’s portfolio.Hudson Valley Investment Advisors Inc Adv reduced its stake in EMR by selling 1,424 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 32,244 shares of EMR which is valued at $1,761,490. Emerson Electric Co. makes up approx 0.57% of Hudson Valley Investment Advisors Inc Adv’s portfolio. Thompson Investment Management sold out all of its stake in EMR during the most recent quarter. The investment firm sold 4,690 shares of EMR which is valued $260,154.Murphy Pohlad Asset Management boosted its stake in EMR in the latest quarter, The investment management firm added 1,785 additional shares and now holds a total of 63,641 shares of Emerson Electric Co. which is valued at $3,530,166. Emerson Electric Co. makes up approx 2.60% of Murphy Pohlad Asset Management’s portfolio.
Emerson Electric Co. opened for trading at $52.77 and hit $53.52 on the upside on Tuesday, eventually ending the session at $53.5, with a gain of 1.67% or 0.88 points. The heightened volatility saw the trading volume jump to 27,45,039 shares. Company has a market cap of $34,419 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.. 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 .Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .
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.