Emerson Electric Co. (EMR) : Bridges Investment Management Inc scooped up 4,214 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 18,537 shares of Emerson Electric Co. which is valued at $1,028,247.Emerson Electric Co. makes up approximately 0.18% of Bridges Investment Management Inc’s portfolio.
Emerson Electric Co. opened for trading at $56.23 and hit $56.82 on the upside on Wednesday, eventually ending the session at $56.29, with a gain of 0.32% or 0.18 points. The heightened volatility saw the trading volume jump to 42,00,641 shares. Company has a market cap of $36,201 M.
Other Hedge Funds, Including , Jolley Asset Management boosted its stake in EMR in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 6,715 shares of Emerson Electric Co. which is valued at $372,481. Emerson Electric Co. makes up approx 0.33% of Jolley Asset Management’s portfolio. Mitchell Mcleod Pugh Williams Inc added EMR to its portfolio by purchasing 4,030 company shares during the most recent quarter which is valued at $223,544. Emerson Electric Co. makes up approx 0.18% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Atria Investments boosted its stake in EMR in the latest quarter, The investment management firm added 9,490 additional shares and now holds a total of 32,597 shares of Emerson Electric Co. which is valued at $1,808,156. Emerson Electric Co. makes up approx 0.20% of Atria Investments’s portfolio.Santa Fe Partners reduced its stake in EMR by selling 35,169 shares or 41.4% in the most recent quarter. The Hedge Fund company now holds 49,775 shares of EMR which is valued at $2,753,553. Emerson Electric Co. makes up approx 0.45% of Santa Fe Partners’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. 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.