Emerson Electric Co. (EMR) : Boston Financial Mangement Inc reduced its stake in Emerson Electric Co. by 5.12% during the most recent quarter end. The investment management company now holds a total of 161,035 shares of Emerson Electric Co. which is valued at $8,584,776 after selling 8,690 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on May 3, 2016.Emerson Electric Co. makes up approximately 1.28% of Boston Financial Mangement Inc’s portfolio.
Other Hedge Funds, Including , Heartland Advisors Inc added EMR to its portfolio by purchasing 139,125 company shares during the most recent quarter which is valued at $7,416,754. Emerson Electric Co. makes up approx 0.39% of Heartland Advisors Inc’s portfolio.Gamble Jones Investment Counsel reduced its stake in EMR by selling 8,582 shares or 6.29% in the most recent quarter. The Hedge Fund company now holds 127,751 shares of EMR which is valued at $6,810,406. Emerson Electric Co. makes up approx 0.76% of Gamble Jones Investment Counsel’s portfolio.Quantbot Technologies Lp reduced its stake in EMR by selling 39,703 shares or 57.07% in the most recent quarter. The Hedge Fund company now holds 29,868 shares of EMR which is valued at $1,631,689. Emerson Electric Co. makes up approx 0.26% of Quantbot Technologies Lp’s portfolio.Hl Financial Services boosted its stake in EMR in the latest quarter, The investment management firm added 4,059 additional shares and now holds a total of 361,882 shares of Emerson Electric Co. which is valued at $19,769,614. Emerson Electric Co. makes up approx 0.48% of Hl Financial Services’s portfolio. Delta Capital Management sold out all of its stake in EMR during the most recent quarter. The investment firm sold 43,036 shares of EMR which is valued $2,387,207.
Emerson Electric Co. opened for trading at $52.77 and hit $53.52 on the upside on Tuesday, eventually ending the session at $53.5, with a gain of 1.67% or 0.88 points. The heightened volatility saw the trading volume jump to 27,45,039 shares. Company has a market cap of $34,419 M.
On the company’s financial health, Emerson Electric Co. reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.63. The company had revenue of $4928.00 million for the quarter, compared to analysts expectations of $4896.67 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on Emerson Electric Co.. Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Hold”, Firm has raised the Price Target to $ 55 from a previous price target of $44 .Shares were Reiterated by Stifel on May 4, 2016 to “Buy” and Lowered the Price Target to $ 60 from a previous price target of $61 .Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .
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.