Mechanics Bank Trust Department Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Mechanics Bank Trust Department reduced its stake in Emerson Electric Co. by 0.33% during the most recent quarter end. The investment management company now holds a total of 30,550 shares of Emerson Electric Co. which is valued at $1,694,609 after selling 100 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Emerson Electric Co. makes up approximately 0.65% of Mechanics Bank Trust Department’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 , Northwest Investment Counselors boosted its stake in EMR in the latest quarter, The investment management firm added 3,566 additional shares and now holds a total of 41,930 shares of Emerson Electric Co. which is valued at $2,325,857. Emerson Electric Co. makes up approx 1.30% of Northwest Investment Counselors’s portfolio.Boston Advisors reduced its stake in EMR by selling 1,445 shares or 5.18% in the most recent quarter. The Hedge Fund company now holds 26,476 shares of EMR which is valued at $1,468,624. Emerson Electric Co. makes up approx 0.04% of Boston Advisors’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in EMR in the latest quarter, The investment management firm added 9,163 additional shares and now holds a total of 185,137 shares of Emerson Electric Co. which is valued at $10,241,779. Emerson Electric Co. makes up approx 0.23% of Oregon Public Employees Retirement Fund’s portfolio.Beese Fulmer Investment Management boosted its stake in EMR in the latest quarter, The investment management firm added 1,978 additional shares and now holds a total of 43,691 shares of Emerson Electric Co. which is valued at $2,416,986. Emerson Electric Co. makes up approx 0.69% of Beese Fulmer Investment Management’s portfolio.Dnb Asset Management As boosted its stake in EMR in the latest quarter, The investment management firm added 2,031 additional shares and now holds a total of 63,800 shares of Emerson Electric Co. which is valued at $3,529,416. Emerson Electric Co. makes up approx 0.07% of Dnb Asset Management As’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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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