Emerson Electric Co. (EMR) : Mraz Amerine Associates scooped up 4,956 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 27,610 shares of Emerson Electric Co. which is valued at $1,547,264.Emerson Electric Co. makes up approximately 0.54% of Mraz Amerine Associates’s portfolio.
Other Hedge Funds, Including , Jensen Investment Management Inc reduced its stake in EMR by selling 33,985 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 2,896,892 shares of EMR which is valued at $162,341,828. Emerson Electric Co. makes up approx 2.45% of Jensen Investment Management Inc’s portfolio. Sanders Morris Harris sold out all of its stake in EMR during the most recent quarter. The investment firm sold 7,651 shares of EMR which is valued $428,762.Huntington National Bank reduced its stake in EMR by selling 130,973 shares or 26.6% in the most recent quarter. The Hedge Fund company now holds 361,497 shares of EMR which is valued at $20,258,292. Emerson Electric Co. makes up approx 0.49% of Huntington National Bank’s portfolio.Yhb Investment Advisors boosted its stake in EMR in the latest quarter, The investment management firm added 3,150 additional shares and now holds a total of 15,460 shares of Emerson Electric Co. which is valued at $862,823. Emerson Electric Co. makes up approx 0.18% of Yhb Investment Advisors’s portfolio.Ferguson Wellman Capital Management Inc boosted its stake in EMR in the latest quarter, The investment management firm added 6,568 additional shares and now holds a total of 11,166 shares of Emerson Electric Co. which is valued at $627,418. Emerson Electric Co. makes up approx 0.03% of Ferguson Wellman Capital Management 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 Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.