Ronna Sue Cohen buys $3,706,117 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Ronna Sue Cohen scooped up 533 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 20, 2016. The investment management firm now holds a total of 66,813 shares of Emerson Electric Co. which is valued at $3,706,117.Emerson Electric Co. makes up approximately 3.11% of Ronna Sue Cohen’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 , Centurylink Investment Management Co boosted its stake in EMR in the latest quarter, The investment management firm added 3,132 additional shares and now holds a total of 38,978 shares of Emerson Electric Co. which is valued at $2,162,110. Emerson Electric Co. makes up approx 0.77% of Centurylink Investment Management Co’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. Deane Retirement Strategies sold out all of its stake in EMR during the most recent quarter. The investment firm sold 28,891 shares of EMR which is valued $1,553,758.Iowa State Bank boosted its stake in EMR in the latest quarter, The investment management firm added 2,525 additional shares and now holds a total of 58,508 shares of Emerson Electric Co. which is valued at $3,146,560. Emerson Electric Co. makes up approx 1.79% of Iowa State Bank’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.

Leave a Reply

Emerson Electric Co. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Emerson Electric Co.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.