Cribstone Capital Management buys $1,880,564 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Cribstone Capital Management scooped up 3,957 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 2, 2016. The investment management firm now holds a total of 35,276 shares of Emerson Electric Co. which is valued at $1,880,564.Emerson Electric Co. makes up approximately 1.52% of Cribstone Capital Management’s portfolio.

Emerson Electric Co. opened for trading at $52.95 and hit $53.385 on the upside on Friday, eventually ending the session at $53.31, with a gain of 0.62% or 0.33 points. The heightened volatility saw the trading volume jump to 24,09,610 shares. Company has a market cap of $34,297 M.

Other Hedge Funds, Including , Flossbach Von Storch Ag reduced its stake in EMR by selling 894,168 shares or 24.14% in the most recent quarter. The Hedge Fund company now holds 2,810,471 shares of EMR which is valued at $149,826,209. Emerson Electric Co. makes up approx 2.48% of Flossbach Von Storch Ag’s portfolio.Russell Frank Co reduced its stake in EMR by selling 171,053 shares or 40.76% in the most recent quarter. The Hedge Fund company now holds 248,656 shares of EMR which is valued at $13,584,077. Emerson Electric Co. makes up approx 0.02% of Russell Frank Co’s portfolio.Klcm Advisors boosted its stake in EMR in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 7,350 shares of Emerson Electric Co. which is valued at $401,531. Emerson Electric Co. makes up approx 0.14% of Klcm Advisors’s portfolio.Louisiana State Employees Retirement System reduced its stake in EMR by selling 2,800 shares or 6.11% in the most recent quarter. The Hedge Fund company now holds 43,000 shares of EMR which is valued at $2,349,090. Emerson Electric Co. makes up approx 0.12% of Louisiana State Employees Retirement System’s portfolio.

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.. 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. 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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