Emerson Electric Co. (EMR) : Btr Capital Management Inc reduced its stake in Emerson Electric Co. by 8.67% during the most recent quarter end. The investment management company now holds a total of 12,641 shares of Emerson Electric Co. which is valued at $630,533 after selling 1,200 shares in Emerson Electric Co. , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Emerson Electric Co. makes up approximately 0.14% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Sarasin Partners Llp sold out all of its stake in EMR during the most recent quarter. The investment firm sold 606,044 shares of EMR which is valued $30,229,475.Mitchell Sinkler Starrpa reduced its stake in EMR by selling 600 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 23,473 shares of EMR which is valued at $1,215,197. Emerson Electric Co. makes up approx 1.93% of Mitchell Sinkler Starrpa’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in EMR by selling 2,214 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 164,318 shares of EMR which is valued at $8,659,559. Emerson Electric Co. makes up approx 0.18% of Exxonmobil Investment Management Inc Tx’s portfolio.
Emerson Electric Co. closed down -0.32 points or -0.64% at $49.88 with 37,90,225 shares getting traded on Friday. Post opening the session at $50.56, the shares hit an intraday low of $49.88 and an intraday high of $50.65 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 Initiated by HSBC Securities to “Reduce” on Oct 7, 2016. Berenberg Initiated Emerson Electric Co. on Oct 3, 2016 to “Sell”, Price Target of the shares are set at $41.Emerson Electric Co. was Downgraded by Credit Suisse to ” Neutral” on Aug 19, 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.