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City Center Advisors boosted Emerson Electric holdings by 7.7%, as the company reported a slight earnings beat.
City Center Advisors LLC increased its holdings in Emerson Electric Co. (EMR) by 7.7% in the second quarter, acquiring 153 additional shares.
Emerson reported earnings per share (EPS) of $1.52 for the quarter, slightly above estimates.
The company, valued at $76.08 billion, has a P/E ratio of 29.07.
Despite slightly lower revenue than predicted, Emerson maintains a "Moderate Buy" rating with a price target of $142.39.
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City Center Advisors aumentó las participaciones de Emerson Electric en un 7.7%, ya que la compañía reportó un ligero aumento de ganancias.