Traders Sell Shares of Emerson Electric Company (EMR) on Strength (EMR)

Citigroup Inc restated a "sell" rating and issued a $61.00 price target (up from $58.00) on shares of Emerson Electric in a research note on Monday, October 9th. The rating was initiated by Oppenheimer with "Outperform" on Thursday, August 20. The firm has "Hold" rating by Cowen & Co given on Tuesday, August 1. The stock has "Hold" rating by TheStreet on Friday, September 4. Deutsche Bank AG reiterated a "hold" rating and set a $53.00 price target on shares of Emerson Electric in a research report on Thursday, August 25th. (NYSE:EMR). Clarkston Capital Ptnrs Limited Liability Co reported 378,541 shares. The institutional investor held 17,276 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $1.03 million, up from 8,476 at the end of the previous reported quarter.

In other Emerson Electric news, insider Robert T. Sharp sold 2,000 shares of the stock in a transaction on Thursday, August 31st. Following the completion of the transaction, the insider now directly owns 64,290 shares of the company's stock, valued at approximately $3,792,467.10. About 4.44M shares traded or 46.05% up from the average.

Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, November 7th. It has outperformed by 1.77% the S&P500. The institutional investor held 73,580 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $4.39 million, down from 83,291 at the end of the previous reported quarter. Shares for $23,288 were bought by PITTAWAY DAVID BRUCE.

The stock increased 2.14% or $0.05 on November 3, reaching $2.17. About 130,030 shares traded or 84.11% up from the average. The total value of its holdings increased 5.6%. It has underperformed by 62.29% the S&P500.

Investors sentiment increased to 1 in Q2 2017. Its down 0.29, from 1.17 in 2017Q1. It increased, as 40 investors sold Patisserie Holdings PLC shares while 76 reduced holdings. 60 funds opened positions while 152 raised stakes. Plancorp Ltd Liability Corp has invested 4.85% in Emerson Electric Co. Proshare Advsr has 0% invested in Patisserie Holdings PLC (LON:CAKE). Willingdon Wealth Management sold 159,733 shares as Mattel Inc (MAT)'s stock declined 15.13%. Louisiana State Employees Retirement System stated it has 0.03% of its portfolio in Patisserie Holdings PLC (LON:CAKE). Pictet Asset Management Ltd. now owns 2,460,762 shares of the industrial products company's stock valued at $145,480,000 after buying an additional 1,684,786 shares during the last quarter. Fincl Bank Of Montreal Can holds 499,872 shares. Ls Invest Ltd Liability reported 4,231 shares stake. (NYSE:EMR). Avalon Limited Com holds 0.55% or 279,495 shares in its portfolio. Axa accumulated 117,100 shares. In light of these trends, Emerson's shares have outperformed the industry average over the past one year. Cornerstone Advsrs holds 0.05% of its portfolio in Schlumberger Limited. The SI to Ibio Incorporated's float is 0.36%. Finally, Bank of America Corporation upgraded shares of Emerson Electric from a neutral rating to a buy rating and raised their price objective for the company from $64.44 to $79.00 in a research report on Tuesday, October 17th. Wealthtrust Axiom Llc who had been investing in Park Electrochemical Corp for a number of months, seems to be bullish on the $381.88M market cap company. The Firm offers cakes, pastries, snacks, meals, and hot and cold drinks across the United Kingdom. It has a 25.42 P/E ratio. The Company's divisions include Patisserie Valerie, Druckers, Baker & Spice, Flour Power and Philpotts.

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Country Club Trust Company increased its stake in Emerson Elec Co (EMR) by 103.82% based on its latest 2017Q2 regulatory filing with the SEC. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Therefore 32% are positive. Schlumberger Limited. had 122 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has "Equalweight" rating given on Monday, July 18 by Barclays Capital. RBC Capital Markets maintained Emerson Electric Co. Standpoint Research upgraded the shares of EMR in report on Wednesday, January 20 to "Buy" rating. Stifel Nicolaus has "Buy" rating and $6800 target. (NASDAQ:MAT) earned "Hold" rating by SunTrust on Thursday, October 26. The rating was initiated by HSBC with "Reduce" on Friday, October 7. UBS upgraded Emerson Electric Co.

COPYRIGHT VIOLATION NOTICE: "Traders Sell Shares of Emerson Electric Company (EMR) on Strength (EMR)" was originally published by Week Herald and is owned by of Week Herald. The firm has "Hold" rating by Societe Generale given on Thursday, November 5.

Investors sentiment increased to 1 in 2017 Q2. Its up 0.12, from 0.88 in 2017Q1.

Zacks Investment Research upgraded shares of Emerson Electric Company (NYSE:EMR) from a sell rating to a hold rating in a research note released on Tuesday morning.

Several hedge funds have recently made changes to their positions in the company. 440.67 million shares or 1.25% more from 435.22 million shares in 2017Q1 were reported. Commonwealth National Bank & Trust Of Aus holds 89,787 shares or 0.05% of its portfolio. The correct version of this piece can be accessed at https://www.truebluetribune.com/2017/11/05/fiduciary-trust-co-decreases-holdings-in-emerson-electric-company-emr.html. The stock presently has a consensus rating of "Hold" and a consensus price target of $62.86. M holds 0.11% or 5,615 shares in its portfolio. Moreover, Nippon Life Insurance has 0.04% invested in Emerson Electric Co. (NYSE:EMR). 7,730 are held by Hm Capital Ltd Company. The fund owned 19,350 shares of the industrial products company's stock after buying an additional 14,950 shares during the quarter. Highstreet Asset Management Inc. claims 190,572 shares worth $11,976,000. Corporate insiders own 0.79% of the company's stock. First Corp In stated it has 1,426 shares.

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