Drexel Morgan buys $1.3 Million stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Drexel Morgan scooped up 287 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 13, 2016. The investment management firm now holds a total of 25,989 shares of Emerson Electric Co. which is valued at $1.3 Million.Emerson Electric Co. makes up approximately 1.58% of Drexel Morgan’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments reduced its stake in EMR by selling 66,887 shares or 24.41% in the most recent quarter. The Hedge Fund company now holds 207,092 shares of EMR which is valued at $10.7 Million. Emerson Electric Co. makes up approx 0.56% of Pinebridge Investments’s portfolio. Gsa Capital Partners Llp added EMR to its portfolio by purchasing 12,149 company shares during the most recent quarter which is valued at $629,440. Emerson Electric Co. makes up approx 0.04% of Gsa Capital Partners Llp’s portfolio.Teachers Advisors Inc boosted its stake in EMR in the latest quarter, The investment management firm added 27,032 additional shares and now holds a total of 646,735 shares of Emerson Electric Co. which is valued at $34.5 Million. Emerson Electric Co. makes up approx 0.06% of Teachers Advisors Inc’s portfolio.Schwab Charles Investment Management Inc boosted its stake in EMR in the latest quarter, The investment management firm added 170,719 additional shares and now holds a total of 2,571,749 shares of Emerson Electric Co. which is valued at $137.1 Million. Emerson Electric Co. makes up approx 0.18% of Schwab Charles Investment Management Inc’s portfolio.

Emerson Electric Co. opened for trading at $51.28 and hit $52.25 on the upside on Wednesday, eventually ending the session at $52.09, with a gain of 1.80% or 0.92 points. The heightened volatility saw the trading volume jump to 28,53,278 shares. Company has a market cap of $33,512 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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