Emerson Electric Co. (EMR) : Rwc Asset Management Llp scooped up 26,910 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 13, 2016. The investment management firm now holds a total of 360,547 shares of Emerson Electric Co. which is valued at $18.7 Million.Emerson Electric Co. makes up approximately 0.54% of Rwc Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Bluemountain Capital Management added EMR to its portfolio by purchasing 4,007 company shares during the most recent quarter which is valued at $207,603. Emerson Electric Co. makes up approx 0.01% of Bluemountain Capital Management’s portfolio.First Heartland Consultants boosted its stake in EMR in the latest quarter, The investment management firm added 178 additional shares and now holds a total of 8,995 shares of Emerson Electric Co. which is valued at $466,031. Emerson Electric Co. makes up approx 0.18% of First Heartland Consultants’s portfolio.Jensen Investment Management Inc boosted its stake in EMR in the latest quarter, The investment management firm added 33,633 additional shares and now holds a total of 2,930,877 shares of Emerson Electric Co. which is valued at $156.2 Million. Emerson Electric Co. makes up approx 2.50% of Jensen Investment Management Inc’s portfolio.Cobblestone Capital Advisors Ny boosted its stake in EMR in the latest quarter, The investment management firm added 985 additional shares and now holds a total of 23,514 shares of Emerson Electric Co. which is valued at $1.3 Million. Emerson Electric Co. makes up approx 0.18% of Cobblestone Capital Advisors Ny’s portfolio.Argent Trust Co reduced its stake in EMR by selling 600 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 26,660 shares of EMR which is valued at $1.4 Million. Emerson Electric Co. makes up approx 0.45% of Argent Trust Co’s portfolio.
Emerson Electric Co. opened for trading at $51.28 and hit $52.25 on the upside on Wednesday, eventually ending the session at $52.09, with a gain of 1.80% or 0.92 points. The heightened volatility saw the trading volume jump to 28,53,278 shares. Company has a market cap of $33,512 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.