Woodmont Investment Counsel Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Woodmont Investment Counsel reduced its stake in Emerson Electric Co. by 3.75% during the most recent quarter end. The investment management company now holds a total of 63,885 shares of Emerson Electric Co. which is valued at $3,447,873 after selling 2,490 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Emerson Electric Co. makes up approximately 1.00% of Woodmont Investment Counsel’s portfolio.

Other Hedge Funds, Including , First Personal Financial Services boosted its stake in EMR in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 10,731 shares of Emerson Electric Co. which is valued at $582,801. Emerson Electric Co. makes up approx 0.19% of First Personal Financial Services’s portfolio.Van Den Berg Management I Inc reduced its stake in EMR by selling 8,873 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 238,214 shares of EMR which is valued at $12,813,531. Emerson Electric Co. makes up approx 1.59% of Van Den Berg Management I Inc’s portfolio.

Emerson Electric Co. opened for trading at $53.15 and hit $54.06 on the upside on Tuesday, eventually ending the session at $53.98, with a gain of 2.00% or 1.06 points. The heightened volatility saw the trading volume jump to 49,83,321 shares. Company has a market cap of $34,738 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 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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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