Clifford Swan Investment Counsel Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Clifford Swan Investment Counsel reduced its stake in Emerson Electric Co. by 2.58% during the most recent quarter end. The investment management company now holds a total of 365,197 shares of Emerson Electric Co. which is valued at $19,709,682 after selling 9,684 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Emerson Electric Co. makes up approximately 1.33% of Clifford Swan Investment Counsel’s portfolio.

Other Hedge Funds, Including , Dorsey Whitney Trust Co boosted its stake in EMR in the latest quarter, The investment management firm added 2,135 additional shares and now holds a total of 134,593 shares of Emerson Electric Co. which is valued at $7,263,984. Emerson Electric Co. makes up approx 1.62% of Dorsey Whitney Trust Co’s portfolio.Argent Capital Management boosted its stake in EMR in the latest quarter, The investment management firm added 1,898 additional shares and now holds a total of 304,373 shares of Emerson Electric Co. which is valued at $16,445,273. Emerson Electric Co. makes up approx 0.70% of Argent Capital Management’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in EMR in the latest quarter, The investment management firm added 80,720 additional shares and now holds a total of 115,946 shares of Emerson Electric Co. which is valued at $6,264,562. Emerson Electric Co. makes up approx 0.05% of Los Angeles Capital Management Equity Research Inc’s portfolio.Corbyn Investment Management Incmd reduced its stake in EMR by selling 955 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 58,232 shares of EMR which is valued at $3,272,056. Emerson Electric Co. makes up approx 1.02% of Corbyn Investment Management Incmd’s portfolio.

Emerson Electric Co. closed down -1.69 points or -3.09% at $52.98 with 80,71,575 shares getting traded on Friday. Post opening the session at $52.28, the shares hit an intraday low of $52.0728 and an intraday high of $53.2 and the price fluctuated in this range throughout the day.Shares ended Friday 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.. Emerson Electric Co. was Downgraded by Credit Suisse to ” Neutral” on Aug 19, 2016. Emerson Electric Co. was Downgraded by Buckingham Research to ” Underperform” on Aug 19, 2016. Emerson Electric Co. was Resumed by JP Morgan to “Neutral” on Aug 8, 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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