Emerson Electric Co. (EMR) : Stuyvesant Capital Management added new position in Emerson Electric Co. during the most recent quarter end. The investment management firm now holds 41,555 shares of Emerson Electric Co. which is valued at $2.2 Million , the company said in a statement filed on May 12, 2016 with the SEC.Emerson Electric Co. makes up approximately 4.60% of Stuyvesant Capital Management’s portfolio.
Other Hedge Funds, Including , Stockman Asset Management reduced its stake in EMR by selling 4,900 shares or 17.88% in the most recent quarter. The Hedge Fund company now holds 22,501 shares of EMR which is valued at $1.2 Million. Emerson Electric Co. makes up approx 0.92% of Stockman Asset Management’s portfolio.Advisor Partners reduced its stake in EMR by selling 1,946 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 11,251 shares of EMR which is valued at $582,914. Emerson Electric Co. makes up approx 0.22% of Advisor Partners’s portfolio.Tukman Grossman Capital Management Inc boosted its stake in EMR in the latest quarter, The investment management firm added 132,900 additional shares and now holds a total of 1,128,400 shares of Emerson Electric Co. which is valued at $58.5 Million. Emerson Electric Co. makes up approx 3.39% of Tukman Grossman Capital Management Inc’s portfolio. Hwg Holdings Lp added EMR to its portfolio by purchasing 60,445 company shares during the most recent quarter which is valued at $3.2 Million. Emerson Electric Co. makes up approx 2.93% of Hwg Holdings Lp’s portfolio.Welch Forbes reduced its stake in EMR by selling 65,362 shares or 26.24% in the most recent quarter. The Hedge Fund company now holds 183,774 shares of EMR which is valued at $9.8 Million. Emerson Electric Co. makes up approx 0.31% of Welch Forbes’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 Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.