Jensen Investment Management Inc Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Jensen Investment Management Inc reduced its stake in Emerson Electric Co. by 1.16% during the most recent quarter end. The investment management company now holds a total of 2,896,892 shares of Emerson Electric Co. which is valued at $162,341,828 after selling 33,985 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Emerson Electric Co. makes up approximately 2.45% of Jensen Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Pggm Investments boosted its stake in EMR in the latest quarter, The investment management firm added 6,930 additional shares and now holds a total of 1,008,244 shares of Emerson Electric Co. which is valued at $56,501,994. Emerson Electric Co. makes up approx 0.28% of Pggm Investments’s portfolio.Rehmann Capital Advisory Group boosted its stake in EMR in the latest quarter, The investment management firm added 584 additional shares and now holds a total of 10,302 shares of Emerson Electric Co. which is valued at $577,324. Emerson Electric Co. makes up approx 0.11% of Rehmann Capital Advisory Group’s portfolio.Jnba Financial Advisors boosted its stake in EMR in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 6,144 shares of Emerson Electric Co. which is valued at $342,897. Emerson Electric Co. makes up approx 0.09% of Jnba Financial Advisors’s portfolio.Farmers Merchants Investments Inc boosted its stake in EMR in the latest quarter, The investment management firm added 2,695 additional shares and now holds a total of 64,288 shares of Emerson Electric Co. which is valued at $3,611,700. Emerson Electric Co. makes up approx 0.39% of Farmers Merchants Investments Inc’s portfolio.

Emerson Electric Co. opened for trading at $55.77 and hit $56.035 on the upside on Friday, eventually ending the session at $55.9, with a gain of 0.13% or 0.07 points. The heightened volatility saw the trading volume jump to 44,82,421 shares. Company has a market cap of $35,963 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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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