Longer Investments buys $2,208,492 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Longer Investments scooped up 8,951 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 39,311 shares of Emerson Electric Co. which is valued at $2,208,492.Emerson Electric Co. makes up approximately 2.36% of Longer Investments’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in EMR in the latest quarter, The investment management firm added 2,560 additional shares and now holds a total of 10,408 shares of Emerson Electric Co. which is valued at $584,721.Regentatlantic Capital reduced its stake in EMR by selling 316 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 6,803 shares of EMR which is valued at $382,193. Emerson Electric Co. makes up approx 0.04% of Regentatlantic Capital’s portfolio.Dnb Asset Management As boosted its stake in EMR in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 65,700 shares of Emerson Electric Co. which is valued at $3,511,008. Emerson Electric Co. makes up approx 0.07% of Dnb Asset Management As’s portfolio.

Emerson Electric Co. closed down -0.16 points or -0.28% at $56.18 with 36,72,120 shares getting traded on Wednesday. Post opening the session at $56.38, the shares hit an intraday low of $56.12 and an intraday high of $56.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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