5 Trending Stocks to Watch on Monday

4. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Holders: 45

Emerson Electric Co. (NYSE:EMR) caught investors’ attention this morning after announcing better-than-expected financial results for its fiscal fourth quarter. The diversified industrial company reported adjusted earnings of $1.53 per share, topping estimates of $1.38 per share.

Revenue for the quarter rose 8 percent on a year-over-year basis to $5.4 billion, ahead of the consensus of $5.33 billion. Emerson Electric Co. (NYSE:EMR) also released its region-wise sales performance. Revenue from the Americas jumped 17 percent, Europe sales increased 3 percent and China sales rose 9 percent in the quarter. In comparison, sales from Asia, Middle East & Africa increased 7 percent.

Among other updates, Emerson Electric Co. (NYSE:EMR) said it is selling controlling stakes in its climate-technologies division to Blackstone Inc in a transaction valued at $14 billion.

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