Emerson Electric Co. (EMR) : Rwc Asset Management Llp scooped up 62,957 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 12, 2016. The investment management firm now holds a total of 423,504 shares of Emerson Electric Co. which is valued at $22,856,511.Emerson Electric Co. makes up approximately 0.70% of Rwc Asset Management Llp’s portfolio.
Other Hedge Funds, Including , Janus Capital Management boosted its stake in EMR in the latest quarter, The investment management firm added 71,721 additional shares and now holds a total of 169,001 shares of Emerson Electric Co. which is valued at $9,120,984. Emerson Electric Co. makes up approx 0.01% of Janus Capital Management’s portfolio.Commonwealth Equity Services Inc boosted its stake in EMR in the latest quarter, The investment management firm added 30,631 additional shares and now holds a total of 353,753 shares of Emerson Electric Co. which is valued at $19,028,374. Emerson Electric Co. makes up approx 0.16% of Commonwealth Equity Services Inc’s portfolio.Intrust Bank Na reduced its stake in EMR by selling 1,044 shares or 16.44% in the most recent quarter. The Hedge Fund company now holds 5,305 shares of EMR which is valued at $280,688. Emerson Electric Co. makes up approx 0.11% of Intrust Bank Na’s portfolio.
Emerson Electric Co. (EMR) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $53.73 and reached the intraday high at $54.05. The bulls started the profit booking and pushed the shares to intraday low of $53.58. The trading session was marked by a volume range of 26,59,710 shares exchanging hands. The 52-week high of the shares is $56.82 and the 52-week low is $41.25. The market cap of the company stands at $34,577 M and there are 64,35,37,430 shares in public circulation.
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 Credit Suisse to ” Neutral” on Aug 19, 2016. Emerson Electric Co. was Downgraded by Buckingham Research to ” Underperform” on Aug 19, 2016. Emerson Electric Co. was Resumed by JP Morgan to “Neutral” on Aug 8, 2016.
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.