Brandes Investment Partners Lp buys $140.2 Million stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Brandes Investment Partners Lp scooped up 23,153 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,706,503 shares of Emerson Electric Co. which is valued at $140.2 Million.Emerson Electric Co. makes up approximately 2.05% of Brandes Investment Partners Lp’s portfolio.

Other Hedge Funds, Including , Freestone Capital Holdings reduced its stake in EMR by selling 14,846 shares or 30.43% in the most recent quarter. The Hedge Fund company now holds 33,947 shares of EMR which is valued at $1.8 Million. Emerson Electric Co. makes up approx 0.19% of Freestone Capital Holdings’s portfolio.Cornerstone Capital Management Holdings. reduced its stake in EMR by selling 26,088 shares or 13.44% in the most recent quarter. The Hedge Fund company now holds 168,040 shares of EMR which is valued at $8.7 Million. Emerson Electric Co. makes up approx 0.07% of Cornerstone Capital Management Holdings.’s portfolio.Ghp Investment Advisors reduced its stake in EMR by selling 4 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 11,761 shares of EMR which is valued at $609,337. Emerson Electric Co. makes up approx 0.13% of Ghp Investment Advisors’s portfolio.Security National Trust Co reduced its stake in EMR by selling 135 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 7,492 shares of EMR which is valued at $409,288. Emerson Electric Co. makes up approx 0.15% of Security National Trust Co’s portfolio.

Emerson Electric Co. opened for trading at $50.45 and hit $50.85 on the upside on Friday, eventually ending the session at $50.65, with a gain of 1.02% or 0.51 points. The heightened volatility saw the trading volume jump to 24,39,042 shares. Company has a market cap of $32,586 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 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.