Emerson Electric Co. (EMR) : Pekin Singer Strauss Asset Management Il reduced its stake in Emerson Electric Co. by 0.83% during the most recent quarter end. The investment management company now holds a total of 35,923 shares of Emerson Electric Co. which is valued at $1,900,686 after selling 300 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Emerson Electric Co. makes up approximately 0.41% of Pekin Singer Strauss Asset Management Il’s portfolio.
Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in EMR in the latest quarter, The investment management firm added 1,343 additional shares and now holds a total of 62,630 shares of Emerson Electric Co. which is valued at $3,313,753. Emerson Electric Co. makes up approx 0.02% of Cibc Asset Management Inc’s portfolio.Bank Of Hawaii reduced its stake in EMR by selling 502 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 28,816 shares of EMR which is valued at $1,524,655. Emerson Electric Co. makes up approx 0.16% of Bank Of Hawaii’s portfolio.Northwest Investment Counselors boosted its stake in EMR in the latest quarter, The investment management firm added 2,844 additional shares and now holds a total of 44,774 shares of Emerson Electric Co. which is valued at $2,498,837. Emerson Electric Co. makes up approx 1.32% of Northwest Investment Counselors’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 $54.11 and hit $55.05 on the upside on Monday, eventually ending the session at $54.31, with a gain of 0.97% or 0.52 points. The heightened volatility saw the trading volume jump to 44,68,990 shares. Company has a market cap of $34,951 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. 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 .
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.