Emerson Elec Co (EMR) Holder Grandfield & Dodd LLC Has Trimmed Its Stake by $3.09 Million

December 14, 2017 - By Linda Rogers

Investors sentiment increased to 1 in Q2 2017. Its up 0.12, from 0.88 in 2017Q1. It increased, as 60 investors sold EMR shares while 407 reduced holdings. 86 funds opened positions while 383 raised stakes. 440.67 million shares or 1.25% more from 435.22 million shares in 2017Q1 were reported. Guggenheim Ltd accumulated 0.13% or 846,821 shares. First Natl Trust holds 0.34% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 46,572 shares. Riverhead Limited Com has 12,680 shares. Rothschild Inv Corp Il reported 13,127 shares or 0.09% of all its holdings. Wasatch Advsr Inc owns 0.03% invested in Emerson Electric Co. (NYSE:EMR) for 35,622 shares. Smith Moore owns 29,825 shares. Gamble Jones Inv Counsel owns 117,111 shares or 0.73% of their US portfolio. Utd Fire Grp owns 12,600 shares for 0.27% of their portfolio. 11,207 were accumulated by Palo Capital. First Allied Advisory holds 100,560 shares. Tirschwell Loewy Inc reported 9,402 shares. Rockland Trust stated it has 73,580 shares or 0.69% of all its holdings. Grantham Mayo Van Otterloo & Co Ltd Liability Corporation invested in 1.13% or 3.44M shares. Newman Dignan And Sheerar stated it has 13,434 shares. S R Schill has invested 0.61% in Emerson Electric Co. (NYSE:EMR).

Since August 31, 2017, it had 0 insider buys, and 1 sale for $117,987 activity.

Grandfield & Dodd Llc decreased its stake in Emerson Elec Co (EMR) by 37.19% based on its latest 2017Q2 regulatory filing with the SEC. Grandfield & Dodd Llc sold 52,299 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 88,329 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $5.27M, down from 140,628 at the end of the previous reported quarter. Grandfield & Dodd Llc who had been investing in Emerson Elec Co for a number of months, seems to be less bullish one the $43.05B market cap company. The stock decreased 0.18% or $0.12 during the last trading session, reaching $67.08. About 705,259 shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since December 14, 2016 and is uptrending. It has outperformed by 1.77% the S&P500.

Grandfield & Dodd Llc, which manages about $885.55M and $846.29 million US Long portfolio, upped its stake in Albemarle Corp (NYSE:ALB) by 30,725 shares to 58,485 shares, valued at $6.17 million in 2017Q2, according to the filing.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on February, 6. They expect $0.53 earnings per share, up 8.16 % or $0.04 from last year’s $0.49 per share. EMR’s profit will be $340.16M for 31.64 P/E if the $0.53 EPS becomes a reality. After $0.83 actual earnings per share reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts -36.14 % negative EPS growth.

More notable recent Emerson Electric Co. (NYSE:EMR) news were published by: Reuters.com which released: “Emerson sweetens bid for Rockwell Automation to $29 billion” on November 16, 2017, also Reuters.com with their article: “Emerson Electric pulls Rockwell Automation bid off table” published on November 28, 2017, Forbes.com published: “Ex-Dividend Reminder: Visa, United Technologies and Emerson Electric” on November 14, 2017. More interesting news about Emerson Electric Co. (NYSE:EMR) were released by: Nasdaq.com and their article: “Emerson Electric Co (EMR) Files 10-K for the Fiscal Year Ended on September 30 …” published on November 21, 2017 as well as Bloomberg.com‘s news article titled: “Emerson Should Know When to Fold” with publication date: November 22, 2017.

Emerson Electric Co. (NYSE:EMR) Ratings Coverage

Among 28 analysts covering Emerson Electric Co. (NYSE:EMR), 8 have Buy rating, 2 Sell and 18 Hold. Therefore 29% are positive. Emerson Electric Co. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Friday, November 17 by Edward Jones. The stock has “Hold” rating by RBC Capital Markets on Monday, June 5. Cowen & Co maintained Emerson Electric Co. (NYSE:EMR) rating on Wednesday, August 5. Cowen & Co has “Market Perform” rating and $52 target. The firm has “Neutral” rating given on Monday, January 9 by Bank of America. RBC Capital Markets maintained Emerson Electric Co. (NYSE:EMR) on Wednesday, August 5 with “Sector Perform” rating. The firm has “Hold” rating by Robert W. Baird given on Monday, October 23. JMP Securities initiated the shares of EMR in report on Monday, June 19 with “Mkt Outperform” rating. The stock has “Buy” rating by Argus Research on Wednesday, May 11. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, November 9. HSBC initiated the stock with “Reduce” rating in Friday, October 7 report.

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