As Emerson Elec Co (EMR) Stock Value Declined, Eastern Bank Decreased Its Stake

April 17, 2018 - By Henry Gaston

Emerson Electric Co. (NYSE:EMR) LogoInvestors sentiment increased to 0.95 in 2017 Q4. Its up 0.09, from 0.86 in 2017Q3. It improved, as 58 investors sold EMR shares while 427 reduced holdings. 107 funds opened positions while 353 raised stakes. 429.74 million shares or 0.74% less from 432.93 million shares in 2017Q3 were reported. Chesley Taft Assoc Limited accumulated 35,957 shares or 0.21% of the stock. 24,800 were accumulated by Hall Laurie J Trustee. Walleye Trading Lc has 2,039 shares for 0% of their portfolio. Synovus Financial reported 0.15% of its portfolio in Emerson Electric Co. (NYSE:EMR). Cadence National Bank Na invested in 0.28% or 11,108 shares. Birmingham Mngmt Al holds 2.66% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 99,587 shares. Azimuth Cap Ltd Llc accumulated 109,087 shares. Clifford Swan Counsel Ltd Liability Corporation has invested 1.26% in Emerson Electric Co. (NYSE:EMR). Hm Mngmt Limited Liability Corporation has invested 0.36% in Emerson Electric Co. (NYSE:EMR). New England Inc reported 17,870 shares. Alyeska Investment Grp Limited Partnership accumulated 1.43% or 2.40M shares. Coldstream Cap Management Inc reported 0.05% in Emerson Electric Co. (NYSE:EMR). Pettyjohn Wood & White owns 3,154 shares. First American Commercial Bank reported 0.24% stake. Meristem Llp, a Minnesota-based fund reported 8,700 shares.

Since December 11, 2017, it had 0 insider buys, and 1 sale for $498,900 activity.

Eastern Bank decreased its stake in Emerson Elec Co (EMR) by 78.55% based on its latest 2017Q4 regulatory filing with the SEC. Eastern Bank sold 209,016 shares as the company’s stock declined 2.50% with the market. The institutional investor held 57,088 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.98M, down from 266,104 at the end of the previous reported quarter. Eastern Bank who had been investing in Emerson Elec Co for a number of months, seems to be less bullish one the $43.97 billion market cap company. The stock increased 0.65% or $0.45 during the last trading session, reaching $69.26. About 1.76 million shares traded. Emerson Electric Co. (NYSE:EMR) has risen 16.24% since April 17, 2017 and is uptrending. It has outperformed by 4.69% the S&P500.

Eastern Bank, which manages about $1.49B US Long portfolio, upped its stake in Eaton Corp Plc (NYSE:ETN) by 144,769 shares to 193,026 shares, valued at $15.25 million in 2017Q4, according to the filing. It also increased its holding in Celgene Corporation (NASDAQ:CELG) by 52,907 shares in the quarter, for a total of 149,103 shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on May, 1. They expect $0.71 EPS, up 22.41 % or $0.13 from last year’s $0.58 per share. EMR’s profit will be $450.74 million for 24.39 P/E if the $0.71 EPS becomes a reality. After $0.58 actual EPS reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts 22.41 % EPS growth.

Emerson Electric Co. (NYSE:EMR) Ratings Coverage

Among 13 analysts covering Emerson Electric Company (NYSE:EMR), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. Emerson Electric Company had 27 analyst reports since October 23, 2017 according to SRatingsIntel. On Wednesday, April 4 the stock rating was maintained by Robert W. Baird with “Hold”. Wells Fargo maintained Emerson Electric Co. (NYSE:EMR) on Wednesday, November 8 with “Hold” rating. As per Thursday, February 1, the company rating was downgraded by JMP Securities. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Buy”. The stock has “Hold” rating by Edward Jones on Friday, November 17. Cowen & Co maintained Emerson Electric Co. (NYSE:EMR) rating on Monday, January 22. Cowen & Co has “Buy” rating and $78.0 target. The firm has “Buy” rating given on Tuesday, November 7 by Cowen & Co. The firm has “Hold” rating given on Wednesday, January 3 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Friday, January 19 with “Buy”. The stock of Emerson Electric Co. (NYSE:EMR) earned “Outperform” rating by Cowen & Co on Tuesday, November 28.

Emerson Electric Co. (NYSE:EMR) Institutional Positions Chart

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