Schwartz Investment Counsel Inc buys $30.4 Million stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Schwartz Investment Counsel Inc scooped up 57,900 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 586,800 shares of Emerson Electric Co. which is valued at $30.4 Million.Emerson Electric Co. makes up approximately 2.27% of Schwartz Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Bahl Gaynor Inc reduced its stake in EMR by selling 1,986,129 shares or 74.45% in the most recent quarter. The Hedge Fund company now holds 681,450 shares of EMR which is valued at $35.3 Million. Emerson Electric Co. makes up approx 0.47% of Bahl Gaynor Inc’s portfolio.Timber Hill boosted its stake in EMR in the latest quarter, The investment management firm added 52,210 additional shares and now holds a total of 88,728 shares of Emerson Electric Co. which is valued at $4.7 Million. Emerson Electric Co. makes up approx 0.37% of Timber Hill’s portfolio.Parsons Capital Management Incri boosted its stake in EMR in the latest quarter, The investment management firm added 2,471 additional shares and now holds a total of 30,814 shares of Emerson Electric Co. which is valued at $1.7 Million. Emerson Electric Co. makes up approx 0.23% of Parsons Capital Management Incri’s portfolio.

Emerson Electric Co. opened for trading at $52 and hit $52.98 on the upside on Monday, eventually ending the session at $52.81, with a gain of 1.93% or 1 points. The heightened volatility saw the trading volume jump to 41,27,317 shares. Company has a market cap of $33,975 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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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