Emerson Electric Co. (EMR) : Van Strum Towne reduced its stake in Emerson Electric Co. by 0.71% during the most recent quarter end. The investment management company now holds a total of 58,323 shares of Emerson Electric Co. which is valued at $3,147,692 after selling 417 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 2.02% of Van Strum Towne’s portfolio.
Other Hedge Funds, Including , Edmond De Rothschild (suisse) S.a. boosted its stake in EMR in the latest quarter, The investment management firm added 820 additional shares and now holds a total of 11,320 shares of Emerson Electric Co. which is valued at $610,940. Emerson Electric Co. makes up approx 0.20% of Edmond De Rothschild (suisse) S.a.’s portfolio. Badgley Phelps Bell Inc sold out all of its stake in EMR during the most recent quarter. The investment firm sold 3,767 shares of EMR which is valued $199,312.Schulhoff Co Inc boosted its stake in EMR in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 27,514 shares of Emerson Electric Co. which is valued at $1,538,033. Emerson Electric Co. makes up approx 0.94% of Schulhoff Co Inc’s portfolio.Mercer Capital Advisers reduced its stake in EMR by selling 386 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 14,710 shares of EMR which is valued at $820,965. Emerson Electric Co. makes up approx 0.65% of Mercer Capital Advisers’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in EMR by selling 127,689 shares or 59.86% in the most recent quarter. The Hedge Fund company now holds 85,610 shares of EMR which is valued at $4,728,240. Emerson Electric Co. makes up approx 0.04% of Nn Investment Partners Holdings N.v.’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 Companys Commercial & Residential Solutions segment offers a range of tools storage products and appliance solutions.