Ruffer Llp Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Ruffer Llp reduced its stake in Emerson Electric Co. by 12.21% during the most recent quarter end. The investment management company now holds a total of 3,530,741 shares of Emerson Electric Co. which is valued at $182.9 Million after selling 491,232 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on May 12, 2016.Emerson Electric Co. makes up approximately 7.41% of Ruffer Llp’s portfolio.

Other Hedge Funds, Including , Maryland Capital Management boosted its stake in EMR in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 6,100 shares of Emerson Electric Co. which is valued at $316,041. Emerson Electric Co. makes up approx 0.05% of Maryland Capital Management’s portfolio.Ipswich Investment Management reduced its stake in EMR by selling 7,100 shares or 26.15% in the most recent quarter. The Hedge Fund company now holds 20,048 shares of EMR which is valued at $1 Million. Emerson Electric Co. makes up approx 0.50% of Ipswich Investment Management’s portfolio.Jefferies Group boosted its stake in EMR in the latest quarter, The investment management firm added 132,338 additional shares and now holds a total of 132,638 shares of Emerson Electric Co. which is valued at $6.9 Million. Emerson Electric Co. makes up approx 0.26% of Jefferies Group’s portfolio.Birch Hill Investment Advisors boosted its stake in EMR in the latest quarter, The investment management firm added 1,291 additional shares and now holds a total of 54,715 shares of Emerson Electric Co. which is valued at $2.8 Million. Emerson Electric Co. makes up approx 0.30% of Birch Hill Investment Advisors’s portfolio.Whittier Trust Co reduced its stake in EMR by selling 3,223 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 246,225 shares of EMR which is valued at $13.5 Million. Emerson Electric Co. makes up approx 0.59% of Whittier 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.

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