Emerson Electric Co. (EMR) : Brandes Investment Partners Lp scooped up 111,807 additional shares in Emerson Electric Co. during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 2,683,350 shares of Emerson Electric Co. which is valued at $146,618,244.Emerson Electric Co. makes up approximately 2.13% of Brandes Investment Partners Lp’s portfolio.
Other Hedge Funds, Including , Girard Partners Ltd. boosted its stake in EMR during the Q4 period, The investment management firm added 127 additional shares and now holds a total of 18,574 shares of Emerson Electric Co. which is valued at $1,014,883. Emerson Electric Co. makes up approx 0.48% of Girard Partners Ltd.’s portfolio.Tredje Ap-fonden boosted its stake in EMR during the Q4 period, The investment management firm added 262 additional shares and now holds a total of 44,670 shares of Emerson Electric Co. which is valued at $2,440,769. Emerson Electric Co. makes up approx 0.16% of Tredje Ap-fonden’s portfolio.Verity Verity reduced its stake in EMR by selling 2,089 shares or 2.74% during the fourth quarter. The Hedge Fund company now holds 74,197 shares of EMR which is valued at $4,054,124. Emerson Electric Co. makes up approx 1.71% of Verity Verity’s portfolio.Clarkston Capital Partners boosted its stake in EMR during the Q4 period, The investment management firm added 104,536 additional shares and now holds a total of 328,452 shares of Emerson Electric Co. which is valued at $17,946,617. Emerson Electric Co. makes up approx 1.21% of Clarkston Capital Partners’s portfolio.Essex Financial Services reduced its stake in EMR by selling 350 shares or 2.64% during the fourth quarter. The Hedge Fund company now holds 12,901 shares of EMR which is valued at $704,911. Emerson Electric Co. makes up approx 0.17% of Essex Financial Services’s portfolio.
On the company’s financial health, Emerson Electric Co. reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.51. The company had revenue of $4713.00 million for the quarter, compared to analysts expectations of $4621.71 million. The company’s revenue was down -15.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.
Many Wall Street Analysts have commented on Emerson Electric Co.. Emerson Electric Co. was Downgraded by Standpoint Research to ” Hold” on Feb 29, 2016. Emerson Electric Co. was Upgraded by Standpoint Research to ” Buy” on Jan 20, 2016.
Emerson Electric Co. closed down -0.1 points or -0.18% at $54.64 with 1,27,33,228 shares getting traded on Friday. Post opening the session at $54.95, the shares hit an intraday low of $54.22 and an intraday high of $55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.