Emerson Electric Co (EMR) Holder Abner Herrman & Brock LLC Lifted Its Holding by $8.55 Million as Market Valuation Declined

August 10, 2018 - By Mary Kidd

Emerson Electric Co. (NYSE:EMR) LogoInvestors sentiment decreased to 0.71 in 2018 Q1. Its down 0.24, from 0.95 in 2017Q4. It dived, as 41 investors sold EMR shares while 512 reduced holdings. 122 funds opened positions while 268 raised stakes. 427.58 million shares or 0.50% less from 429.74 million shares in 2017Q4 were reported. Amer Asset Mngmt Inc, a Florida-based fund reported 6,328 shares. Aristotle Capital Mngmt Ltd Company reported 15,199 shares or 0.01% of all its holdings. Johnson Financial Gru holds 5,557 shares. Aviance Ltd Llc has invested 0.02% in Emerson Electric Co. (NYSE:EMR). Huntington Savings Bank has invested 0.45% in Emerson Electric Co. (NYSE:EMR). Moreover, Northern Tru Corp has 0.17% invested in Emerson Electric Co. (NYSE:EMR). Amalgamated Commercial Bank reported 80,864 shares or 0.15% of all its holdings. D L Carlson Grp Incorporated Inc reported 2.07% of its portfolio in Emerson Electric Co. (NYSE:EMR). Deutsche Savings Bank Ag holds 0.08% in Emerson Electric Co. (NYSE:EMR) or 1.80 million shares. Palo Cap invested 1.88% of its portfolio in Emerson Electric Co. (NYSE:EMR). Amica Mutual Ins accumulated 20,859 shares or 0.18% of the stock. American Intll invested in 0.11% or 467,992 shares. 384,673 are owned by Smith Asset Group L P. Atlantic Gru Llc owns 0.07% invested in Emerson Electric Co. (NYSE:EMR) for 245,474 shares. Mariner Wealth Advsr owns 0.39% invested in Emerson Electric Co. (NYSE:EMR) for 91,820 shares.

Since June 18, 2018, it had 0 insider buys, and 1 sale for $1.73 million activity.

Abner Herrman & Brock Llc increased its stake in Emerson Electric Co (EMR) by 88.22% based on its latest 2018Q1 regulatory filing with the SEC. Abner Herrman & Brock Llc bought 125,678 shares as the company’s stock declined 1.41% with the market. The institutional investor held 268,138 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $18.31M, up from 142,460 at the end of the previous reported quarter. Abner Herrman & Brock Llc who had been investing in Emerson Electric Co for a number of months, seems to be bullish on the $46.46B market cap company. The stock decreased 0.43% or $0.32 during the last trading session, reaching $73.73. About 146,081 shares traded. Emerson Electric Co. (NYSE:EMR) has risen 22.35% since August 10, 2017 and is uptrending. It has outperformed by 9.78% the S&P500.

Another recent and important Emerson Electric Co. (NYSE:EMR) news was published by Nasdaq.com which published an article titled: “Mid-Day Market Update: Mallinckrodt Climbs After Q2 Beat; Gemphire Therapeutics Shares Plummet” on August 07, 2018.

Emerson Electric Co. (NYSE:EMR) Ratings Coverage

Among 7 analysts covering Emerson Electric (NYSE:EMR), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Emerson Electric had 10 analyst reports since February 14, 2018 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, February 14 by RBC Capital Markets. The company was maintained on Thursday, May 3 by Stifel Nicolaus. Deutsche Bank maintained Emerson Electric Co. (NYSE:EMR) rating on Thursday, July 12. Deutsche Bank has “Buy” rating and $81 target. The firm has “Overweight” rating by Barclays Capital given on Thursday, August 9. The company was maintained on Wednesday, May 2 by Citigroup. The rating was upgraded by Berenberg on Tuesday, April 24 to “Hold”. Robert W. Baird maintained it with “Hold” rating and $7700 target in Wednesday, April 4 report. The firm has “Buy” rating given on Tuesday, April 3 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Friday, February 16 with “Buy”.

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

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