Beacon Financial Group buys $3.9 Million stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Beacon Financial Group scooped up 2,951 additional shares in Emerson Electric Co. during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 71,019 shares of Emerson Electric Co. which is valued at $3.9 Million.Emerson Electric Co. makes up approximately 0.84% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including , Renaissance Investment Group reduced its stake in EMR by selling 650 shares or 7.05% in the most recent quarter. The Hedge Fund company now holds 8,567 shares of EMR which is valued at $469,043. Emerson Electric Co. makes up approx 0.23% of Renaissance Investment Group’s portfolio.

On the company’s financial health, Emerson Electric Co. reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.51. The company had revenue of $4713.00 million for the quarter, compared to analysts expectations of $4621.71 million. The company’s revenue was down -15.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on Emerson Electric Co.. Emerson Electric Co. was Downgraded by Standpoint Research to ” Hold” on Feb 29, 2016. Emerson Electric Co. was Upgraded by Standpoint Research to ” Buy” on Jan 20, 2016.

Emerson Electric Co. closed down -0.06 points or -0.11% at $53.78 with 43,24,949 shares getting traded on Monday. Post opening the session at $53.93, the shares hit an intraday low of $53.78 and an intraday high of $54.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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