Emerson Electric Co. (EMR) : Pensionfund Dsm Netherlands added new position in Emerson Electric Co. during the most recent quarter end. The investment management firm now holds 83,000 shares of Emerson Electric Co. which is valued at $4,237,150 , the company said in a statement filed on Jul 5, 2016 with the SEC.Emerson Electric Co. makes up approximately 0.57% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Needelman Asset Management Inc reduced its stake in EMR by selling 25 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 17,790 shares of EMR which is valued at $908,180. Emerson Electric Co. makes up approx 2.61% of Needelman Asset Management Inc’s portfolio.Cullinan Associates Inc reduced its stake in EMR by selling 1,100 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 15,912 shares of EMR which is valued at $830,606. Emerson Electric Co. makes up approx 0.07% of Cullinan Associates Inc’s portfolio.
Emerson Electric Co. opened for trading at $53.7 and hit $54.155 on the upside on Monday, eventually ending the session at $53.89, with a gain of 0.84% or 0.45 points. The heightened volatility saw the trading volume jump to 30,91,739 shares. Company has a market cap of $34,670 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.