Wilkins Investment Counsel Inc buys $5,544,878 stake in Emerson Electric Co. (EMR)

Emerson Electric Co. (EMR) : Wilkins Investment Counsel Inc scooped up 1,900 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 10, 2016. The investment management firm now holds a total of 102,740 shares of Emerson Electric Co. which is valued at $5,544,878.Emerson Electric Co. makes up approximately 1.49% of Wilkins Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Parsons Capital Management Incri boosted its stake in EMR in the latest quarter, The investment management firm added 8,180 additional shares and now holds a total of 38,994 shares of Emerson Electric Co. which is valued at $2,104,506. Emerson Electric Co. makes up approx 0.28% of Parsons Capital Management Incri’s portfolio.Accredited Investors reduced its stake in EMR by selling 906 shares or 11.12% in the most recent quarter. The Hedge Fund company now holds 7,241 shares of EMR which is valued at $391,231. Emerson Electric Co. makes up approx 0.10% of Accredited Investors’s portfolio.Bank Of The West reduced its stake in EMR by selling 8,029 shares or 33.27% in the most recent quarter. The Hedge Fund company now holds 16,103 shares of EMR which is valued at $866,180. Emerson Electric Co. makes up approx 0.12% of Bank Of The West’s portfolio.Weatherly Asset Management L. P. boosted its stake in EMR in the latest quarter, The investment management firm added 465 additional shares and now holds a total of 6,269 shares of Emerson Electric Co. which is valued at $337,210. Emerson Electric Co. makes up approx 0.11% of Weatherly Asset Management L. P.’s portfolio.Sigma Planning Corp boosted its stake in EMR in the latest quarter, The investment management firm added 4,572 additional shares and now holds a total of 13,914 shares of Emerson Electric Co. which is valued at $776,540. Emerson Electric Co. makes up approx 0.10% of Sigma Planning Corp’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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