Emerson Electric Co. (EMR) : D.a. Davidson scooped up 42,944 additional shares in Emerson Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 452,528 shares of Emerson Electric Co. which is valued at $25,119,829.Emerson Electric Co. makes up approximately 0.63% of D.a. Davidson’s portfolio.
Other Hedge Funds, Including , Shelton Capital Management sold out all of its stake in EMR during the most recent quarter. The investment firm sold 6,436 shares of EMR which is valued $357,262.Grantham Mayo Van Otterloo boosted its stake in EMR in the latest quarter, The investment management firm added 237,245 additional shares and now holds a total of 4,166,499 shares of Emerson Electric Co. which is valued at $232,282,319. Emerson Electric Co. makes up approx 1.13% of Grantham Mayo Van Otterloo’s portfolio.Autus Asset Management reduced its stake in EMR by selling 830 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 34,802 shares of EMR which is valued at $1,753,673. Emerson Electric Co. makes up approx 0.41% of Autus Asset Management’s portfolio.Ingalls Snyder reduced its stake in EMR by selling 13,370 shares or 7.63% in the most recent quarter. The Hedge Fund company now holds 161,811 shares of EMR which is valued at $8,064,660. Emerson Electric Co. makes up approx 0.48% of Ingalls Snyder’s portfolio.Bradley Foster Sargent Incct reduced its stake in EMR by selling 1,353 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 61,862 shares of EMR which is valued at $3,154,962. Emerson Electric Co. makes up approx 0.14% of Bradley Foster Sargent Incct’s portfolio.
Emerson Electric Co. closed down -0.5 points or -0.91% at $54.2 with 44,28,800 shares getting traded on Monday. Post opening the session at $54.57, the shares hit an intraday low of $54.01 and an intraday high of $54.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Emerson Electric Co. reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.89. The company had revenue of $3932.00 million for the quarter, compared to analysts expectations of $5519.58 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 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.