Biltmore Wealth Management Exits Position in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Biltmore Wealth Management has sold out all of its stake in Emerson Electric Co. during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 12,019 shares of Emerson Electric Co. which is valued at $635,925.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in EMR by selling 50,000 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 2,068,797 shares of EMR which is valued at $109,460,049. Emerson Electric Co. makes up approx 0.17% of California Public Employees Retirement System’s portfolio. Badgley Phelps Bell Inc sold out all of its stake in EMR during the most recent quarter. The investment firm sold 3,767 shares of EMR which is valued $199,312.Capital Analysts reduced its stake in EMR by selling 90 shares or 3.71% in the most recent quarter. The Hedge Fund company now holds 2,336 shares of EMR which is valued at $131,260. Emerson Electric Co. makes up approx 0.03% of Capital Analysts’s portfolio.Marathon Asset Management Llp reduced its stake in EMR by selling 221,305 shares or 22.19% in the most recent quarter. The Hedge Fund company now holds 776,191 shares of EMR which is valued at $43,614,172. Emerson Electric Co. makes up approx 0.90% of Marathon Asset Management Llp’s portfolio.

Emerson Electric Co. opened for trading at $54.11 and hit $55.05 on the upside on Monday, eventually ending the session at $54.31, with a gain of 0.97% or 0.52 points. The heightened volatility saw the trading volume jump to 44,68,990 shares. Company has a market cap of $34,951 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.. Emerson Electric Co. was Resumed by JP Morgan to “Neutral” on Aug 8, 2016. Emerson Electric Co. was Downgraded by CLSA to ” Sell” on Aug 3, 2016. 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 .

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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