Cribstone Capital Management Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Cribstone Capital Management reduced its stake in Emerson Electric Co. by 47.96% during the most recent quarter end. The investment management company now holds a total of 18,359 shares of Emerson Electric Co. which is valued at $1,031,409 after selling 16,917 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Emerson Electric Co. makes up approximately 0.64% of Cribstone Capital Management’s portfolio.

Other Hedge Funds, Including , Americafirst Capital Management added EMR to its portfolio by purchasing 2,445 company shares during the most recent quarter which is valued at $137,360. Emerson Electric Co. makes up approx 0.09% of Americafirst Capital Management’s portfolio.Arcadia Investment Management Corpmi boosted its stake in EMR in the latest quarter, The investment management firm added 234 additional shares and now holds a total of 2,281 shares of Emerson Electric Co. which is valued at $128,169. Emerson Electric Co. makes up approx 0.04% of Arcadia Investment Management Corpmi’s portfolio.Jacobs Coca reduced its stake in EMR by selling 100 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 43,834 shares of EMR which is valued at $2,420,952. Emerson Electric Co. makes up approx 0.55% of Jacobs Coca’s portfolio.Alpha Windward boosted its stake in EMR in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 4,246 shares of Emerson Electric Co. which is valued at $226,906. Emerson Electric Co. makes up approx 0.16% of Alpha Windward’s portfolio.

Emerson Electric Co. closed down -0.16 points or -0.28% at $56.18 with 36,72,120 shares getting traded on Wednesday. Post opening the session at $56.38, the shares hit an intraday low of $56.12 and an intraday high of $56.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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