Emerson Electric Co. (EMR) : Longview Partners (guernsey) Ltd reduced its stake in Emerson Electric Co. by 1.75% during the most recent quarter end. The investment management company now holds a total of 13,041,179 shares of Emerson Electric Co. which is valued at $723,394,199 after selling 231,644 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Emerson Electric Co. makes up approximately 4.71% of Longview Partners (guernsey) Ltd’s portfolio.
Emerson Electric Co. opened for trading at $55.35 and hit $55.9023 on the upside on Friday, eventually ending the session at $55.47, with a gain of 0.54% or 0.3 points. The heightened volatility saw the trading volume jump to 35,79,065 shares. Company has a market cap of $35,674 M.
Other Hedge Funds, Including , Cohen Lawrence B reduced its stake in EMR by selling 740 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 44,360 shares of EMR which is valued at $2,460,649. Emerson Electric Co. makes up approx 1.57% of Cohen Lawrence B’s portfolio.High Point Bank Trust Co boosted its stake in EMR in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 9,400 shares of Emerson Electric Co. which is valued at $521,418. Emerson Electric Co. makes up approx 0.14% of High Point Bank Trust Co’s portfolio. Visionary Asset Management added EMR to its portfolio by purchasing 49,709 company shares during the most recent quarter which is valued at $2,749,902. Emerson Electric Co. makes up approx 0.97% of Visionary Asset Management’s portfolio. River Mercantile Asset Management Llp added EMR to its portfolio by purchasing 21,239 company shares during the most recent quarter which is valued at $1,142,233. Emerson Electric Co. makes up approx 0.75% of River Mercantile Asset Management Llp’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in EMR in the latest quarter, The investment management firm added 23,334 additional shares and now holds a total of 75,704 shares of Emerson Electric Co. which is valued at $4,071,361. Emerson Electric Co. makes up approx 1.68% of Thompson Rubinstein Investment Management Inc Or’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.