Emerson Electric Co. (EMR) : Clark Estates Incny scooped up 41,875 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 10, 2016. The investment management firm now holds a total of 442,416 shares of Emerson Electric Co. which is valued at $22,921,573.Emerson Electric Co. makes up approximately 4.58% of Clark Estates Incny’s portfolio.
Other Hedge Funds, Including , Janney Montgomery Scott reduced its stake in EMR by selling 15,655 shares or 10.14% in the most recent quarter. The Hedge Fund company now holds 138,723 shares of EMR which is valued at $7,187,239. Emerson Electric Co. makes up approx 0.19% of Janney Montgomery Scott’s portfolio.Spc Financial reduced its stake in EMR by selling 2,050 shares or 7.78% in the most recent quarter. The Hedge Fund company now holds 24,287 shares of EMR which is valued at $1,294,740. Emerson Electric Co. makes up approx 0.49% of Spc Financial’s portfolio.Vantage Investment Partners boosted its stake in EMR in the latest quarter, The investment management firm added 2,210 additional shares and now holds a total of 156,796 shares of Emerson Electric Co. which is valued at $8,358,795. Emerson Electric Co. makes up approx 0.99% of Vantage Investment Partners’s portfolio.Northstar Investment Advisors reduced its stake in EMR by selling 23,350 shares or 21.57% in the most recent quarter. The Hedge Fund company now holds 84,896 shares of EMR which is valued at $4,525,806. Emerson Electric Co. makes up approx 1.11% of Northstar Investment Advisors’s portfolio.Greenleaf Trust reduced its stake in EMR by selling 330 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 11,311 shares of EMR which is valued at $617,920. Emerson Electric Co. makes up approx 0.02% of Greenleaf Trust’s portfolio.
Emerson Electric Co. opened for trading at $52 and hit $52.98 on the upside on Monday, eventually ending the session at $52.81, with a gain of 1.93% or 1 points. The heightened volatility saw the trading volume jump to 41,27,317 shares. Company has a market cap of $33,975 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.