Emerson Electric Co. (EMR) was Downgraded by CLSA to ” Sell”. Earlier the firm had a rating of “Underperform ” on the company shares. CLSA advised their investors in a research report released on Aug 3, 2016.
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 .
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.
Emerson Electric Co. closed down -2.75 points or -4.93% at $53.03 with 75,89,188 shares getting traded on Tusday. Post opening the session at $53.88, the shares hit an intraday low of $52.95 and an intraday high of $54.09 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Aug 10, 2015, Arthur F Golden (director) purchased 4,000 shares at $49.40 per share price.
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.