Emerson Electric Co. (EMR) : Columbia Asset Management scooped up 2,510 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 72,696 shares of Emerson Electric Co. which is valued at $3,927,765.Emerson Electric Co. makes up approximately 1.35% of Columbia Asset Management’s portfolio.
Other Hedge Funds, Including , West Coast Financial boosted its stake in EMR in the latest quarter, The investment management firm added 375 additional shares and now holds a total of 45,979 shares of Emerson Electric Co. which is valued at $2,432,749. Emerson Electric Co. makes up approx 0.85% of West Coast Financial’s portfolio.Beese Fulmer Investment Management boosted its stake in EMR in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 43,743 shares of Emerson Electric Co. which is valued at $2,314,442. Emerson Electric Co. makes up approx 0.64% of Beese Fulmer Investment Management’s portfolio.River Mercantile Asset Management Llp boosted its stake in EMR in the latest quarter, The investment management firm added 28,700 additional shares and now holds a total of 49,939 shares of Emerson Electric Co. which is valued at $2,758,131. Emerson Electric Co. makes up approx 1.11% of River Mercantile Asset Management Llp’s portfolio.
Emerson Electric Co. opened for trading at $54.06 and hit $54.84 on the upside on Monday, eventually ending the session at $54.71, with a gain of 1.37% or 0.74 points. The heightened volatility saw the trading volume jump to 29,45,170 shares. Company has a market cap of $35,208 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.. Emerson Electric Co. was Resumed by JP Morgan to “Neutral” on Aug 8, 2016. Emerson Electric Co. was Downgraded by CLSA to ” Sell” on Aug 3, 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 Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.