Emerson Electric Co. (EMR) : Dorsey Whitney Trust Co scooped up 2,135 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 134,593 shares of Emerson Electric Co. which is valued at $7,263,984.Emerson Electric Co. makes up approximately 1.62% of Dorsey Whitney Trust Co’s portfolio.
Other Hedge Funds, Including , Vaughan David Investments Incil reduced its stake in EMR by selling 50,838 shares or 88.33% in the most recent quarter. The Hedge Fund company now holds 6,715 shares of EMR which is valued at $362,409. Emerson Electric Co. makes up approx 0.02% of Vaughan David Investments Incil’s portfolio.Financial Counselors Inc reduced its stake in EMR by selling 134 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 187,006 shares of EMR which is valued at $10,103,934. Emerson Electric Co. makes up approx 0.58% of Financial Counselors Inc’s portfolio.Lourd Capital boosted its stake in EMR in the latest quarter, The investment management firm added 1,383 additional shares and now holds a total of 9,783 shares of Emerson Electric Co. which is valued at $517,619. Emerson Electric Co. makes up approx 0.14% of Lourd Capital’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in EMR by selling 3,044 shares or 11.02% in the most recent quarter. The Hedge Fund company now holds 24,588 shares of EMR which is valued at $1,372,256. Emerson Electric Co. makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio. Interactive Financial Advisors sold out all of its stake in EMR during the most recent quarter. The investment firm sold 19 shares of EMR which is valued $1,068.
Emerson Electric Co. closed down -1.69 points or -3.09% at $52.98 with 80,71,575 shares getting traded on Friday. Post opening the session at $52.28, the shares hit an intraday low of $52.0728 and an intraday high of $53.2 and the price fluctuated in this range throughout the day.Shares ended Friday 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.. Emerson Electric Co. was Downgraded by Credit Suisse to ” Neutral” on Aug 19, 2016. Emerson Electric Co. was Downgraded by Buckingham Research to ” Underperform” on Aug 19, 2016. Emerson Electric Co. was Resumed by JP Morgan to “Neutral” on Aug 8, 2016.
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.