Schwartz Investment Counsel Inc buys $31,907,125 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Schwartz Investment Counsel Inc scooped up 700 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 9, 2016. The investment management firm now holds a total of 587,500 shares of Emerson Electric Co. which is valued at $31,907,125.Emerson Electric Co. makes up approximately 2.21% of Schwartz Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , First Personal Financial Services boosted its stake in EMR in the latest quarter, The investment management firm added 515 additional shares and now holds a total of 10,731 shares of Emerson Electric Co. which is valued at $582,801. Emerson Electric Co. makes up approx 0.19% of First Personal Financial Services’s portfolio.Clean Yield Group reduced its stake in EMR by selling 510 shares or 33.89% in the most recent quarter. The Hedge Fund company now holds 995 shares of EMR which is valued at $55,760. Emerson Electric Co. makes up approx 0.02% of Clean Yield Group’s portfolio.Spc Financial reduced its stake in EMR by selling 220 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 24,067 shares of EMR which is valued at $1,343,179. Emerson Electric Co. makes up approx 0.47% of Spc Financial’s portfolio.Private Trust Co Na boosted its stake in EMR in the latest quarter, The investment management firm added 212 additional shares and now holds a total of 9,080 shares of Emerson Electric Co. which is valued at $510,114. Emerson Electric Co. makes up approx 0.13% of Private Trust Co Na’s portfolio.

Emerson Electric Co. opened for trading at $54.68 and hit $54.995 on the upside on Wednesday, eventually ending the session at $54.9, with a gain of 0.60% or 0.33 points. The heightened volatility saw the trading volume jump to 21,60,485 shares. Company has a market cap of $35,330 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.

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.

Leave a Reply

Emerson Electric Co. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Emerson Electric Co.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.