Lourd Capital buys $517,619 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Lourd Capital scooped up 1,383 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 1, 2016. The investment management firm now holds a total of 9,783 shares of Emerson Electric Co. which is valued at $517,619.Emerson Electric Co. makes up approximately 0.14% of Lourd Capital’s portfolio.

Other Hedge Funds, Including , Duncker Streett Co Inc boosted its stake in EMR in the latest quarter, The investment management firm added 1,440 additional shares and now holds a total of 43,453 shares of Emerson Electric Co. which is valued at $2,425,112. Emerson Electric Co. makes up approx 0.84% of Duncker Streett Co Inc’s portfolio. 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.Heritage Investors Management Corp boosted its stake in EMR in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 5,899 shares of Emerson Electric Co. which is valued at $331,465. Emerson Electric Co. makes up approx 0.02% of Heritage Investors Management Corp’s portfolio.Breton Hill Capital Ltd. boosted its stake in EMR in the latest quarter, The investment management firm added 5,973 additional shares and now holds a total of 16,425 shares of Emerson Electric Co. which is valued at $907,153. Emerson Electric Co. makes up approx 0.28% of Breton Hill Capital Ltd.’s portfolio.

Emerson Electric Co. opened for trading at $52.96 and hit $53.46 on the upside on Thursday, eventually ending the session at $53.03, with a gain of 0.23% or 0.12 points. The heightened volatility saw the trading volume jump to 35,51,905 shares. Company has a market cap of $34,117 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 Downgraded by CLSA to ” Sell” on Aug 3, 2016. 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 .

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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