As Emerson Elec Co (EMR) Market Value Declined, Shareholder Eastern Bank Decreased Position by $14.42 Million

April 17, 2018 - By Kenneth Lin

Emerson Electric Co. (NYSE:EMR) LogoInvestors sentiment increased to 0.95 in Q4 2017. 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. 5,450 were reported by Lau Limited Liability Company. Hanson Mcclain Inc invested in 1,200 shares or 0.01% of the stock. Moreover, Chem Natl Bank has 0.45% invested in Emerson Electric Co. (NYSE:EMR) for 60,290 shares. Park Corp Oh has invested 1.45% of its portfolio in Emerson Electric Co. (NYSE:EMR). Verity Asset Mngmt Incorporated, North Carolina-based fund reported 5,578 shares. Papp L Roy & Assocs accumulated 113,068 shares. Wealthfront accumulated 20,611 shares. 171,950 are owned by Advisers Lc. Security Financial Bank Of Sioux City Iowa Ia accumulated 15,812 shares. Strs Ohio has invested 0.29% in Emerson Electric Co. (NYSE:EMR). Comerica Commercial Bank holds 0.34% or 711,874 shares in its portfolio. Duff Phelps Management Communications owns 0.01% invested in Emerson Electric Co. (NYSE:EMR) for 7,070 shares. Eaton Vance Management reported 2.27 million shares. Bb&T reported 41,222 shares. Pitcairn Com accumulated 5,739 shares.

Since December 11, 2017, it had 0 buys, and 1 insider 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 1.76M 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 Caterpillar Inc. (NYSE:CAT) by 101,416 shares to 111,344 shares, valued at $17.55 million in 2017Q4, according to the filing. It also increased its holding in Merck (NYSE:MRK) by 96,247 shares in the quarter, for a total of 319,085 shares, and has risen its stake in Dowdupont Inc..

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. RBC Capital Markets maintained it with “Hold” rating and $75.0 target in Wednesday, January 3 report. On Monday, October 23 the stock rating was upgraded by Cowen & Co to “Buy”. The rating was upgraded by J.P. Morgan to “Buy” on Friday, February 9. The stock has “Hold” rating by Robert W. Baird on Monday, October 23. The company was maintained on Wednesday, April 4 by Robert W. Baird. The firm has “Buy” rating given on Monday, January 22 by Cowen & Co. The firm has “Market Perform” rating given on Thursday, February 1 by JMP Securities. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, April 3. As per Wednesday, November 8, the company rating was maintained by Wells Fargo. Cowen & Co initiated the stock with “Buy” rating in Tuesday, November 7 report.

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

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