Saddle Road Partners buys $4,889,181 stake in EMERSON ELEC CO COM (EMR)

EMERSON ELEC CO COM (EMR) : Saddle Road Partners scooped up 13,156 additional shares in EMERSON ELEC CO COM 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 88,141 shares of EMERSON ELEC CO COM which is valued at $4,889,181.EMERSON ELEC CO COM makes up approximately 1.05% of Saddle Road Partners’s portfolio.

EMERSON ELEC CO COM 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 , Mechanics Bank Trust Department reduced its stake in EMR by selling 100 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 30,550 shares of EMR which is valued at $1,694,609. EMERSON ELEC CO COM makes up approx 0.65% of Mechanics Bank Trust Department’s portfolio.Leavell Investment Management boosted its stake in EMR in the latest quarter, The investment management firm added 3,050 additional shares and now holds a total of 57,600 shares of EMERSON ELEC CO COM which is valued at $3,195,072. EMERSON ELEC CO COM makes up approx 0.47% of Leavell Investment Management’s portfolio.Murphy Capital Management Inc boosted its stake in EMR in the latest quarter, The investment management firm added 14,830 additional shares and now holds a total of 21,655 shares of EMERSON ELEC CO COM which is valued at $1,201,203. EMERSON ELEC CO COM makes up approx 0.18% of Murphy Capital Management Inc’s portfolio.Chevy Chase Trust Holdings reduced its stake in EMR by selling 8,678 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 569,404 shares of EMR which is valued at $30,622,547. EMERSON ELEC CO COM makes up approx 0.18% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, EMERSON ELEC CO COM 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 ELEC CO COM. EMERSON ELEC CO COM 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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