Smith Moore Lowers stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Smith Moore reduced its stake in Emerson Electric Co. by 2.91% during the most recent quarter end. The investment management company now holds a total of 27,177 shares of Emerson Electric Co. which is valued at $1,466,743 after selling 814 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Emerson Electric Co. makes up approximately 0.58% of Smith Moore’s portfolio.

Other Hedge Funds, Including , Homrich Berg reduced its stake in EMR by selling 1,196 shares or 21.44% in the most recent quarter. The Hedge Fund company now holds 4,383 shares of EMR which is valued at $236,551. Emerson Electric Co. makes up approx 0.02% of Homrich Berg’s portfolio.Institutional Family Asset Management boosted its stake in EMR in the latest quarter, The investment management firm added 2,800 additional shares and now holds a total of 59,621 shares of Emerson Electric Co. which is valued at $3,207,014. Emerson Electric Co. makes up approx 1.09% of Institutional Family Asset Management’s portfolio.Papp L Roy Associates reduced its stake in EMR by selling 3,401 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 120,690 shares of EMR which is valued at $6,763,468. Emerson Electric Co. makes up approx 1.54% of Papp L Roy Associates’s portfolio.Winslow Evans Crocker reduced its stake in EMR by selling 244 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 19,304 shares of EMR which is valued at $1,077,356. Emerson Electric Co. makes up approx 0.31% of Winslow Evans Crocker’s portfolio.Jnba Financial Advisors boosted its stake in EMR in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 6,144 shares of Emerson Electric Co. which is valued at $342,897. Emerson Electric Co. makes up approx 0.09% of Jnba Financial Advisors’s portfolio.

Emerson Electric Co. closed down -1.69 points or -3.09% at $52.98 with 80,71,575 shares getting traded on Friday. Post opening the session at $52.28, the shares hit an intraday low of $52.0728 and an intraday high of $53.2 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Company’s Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.

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