Teachers Advisors LLC Has $67.20 Million Holdings in Emerson Electric Company (EMR)

Mae Love
November 12, 2017

Denver Investment Advisors Llc sold 101,448 shares as Emerson Electric Co (EMR)'s stock declined 4.02%.

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. Shareholders of record on Friday, November 11th will be issued a dividend of $0.48 per share. About 1.77 million shares traded or 35.11% up from the average.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Tuesday, November 7th. It has outperformed by 1.77% the S&P500.

Robeco Institutional Asset Management decreased Becton Dickinson & Co (BDX) stake by 35.83% reported in 2017Q2 SEC filing. State Street Corp sold 294,720 shares as D R Horton Inc (DHI)'s stock rose 10.82%. Longview Partners Guernsey LTD now owns 12,624,050 shares of the industrial products company's stock valued at $752,646,000 after acquiring an additional 526,712 shares during the last quarter. The stock decreased 2.37% or $5.33 on November 10, reaching $219.23. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.83. It has underperformed by 19.46% the S&P500. 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. (NYSE:EMR) by 0.6% during the third quarter, Holdings Channel reports. Vanguard Ftse Dev Mkts Etf (VEA) was raised too.

Among 26 analysts covering Emerson Electric Co. Therefore 31% are positive. The firm earned "Hold" rating on Thursday, June 22 by Cowen & Co. (NYSE:EMR) has "Sell" rating given on Thursday, September 3 by Goldman Sachs. (NYSE:EMR) on Thursday, September 3 to "Sell" rating. The rating was maintained by RBC Capital Markets with "Hold" on Wednesday, April 12. The company has a consensus rating of "Hold" and an average price target of $64.77. The firm earned "Equal-Weight" rating on Friday, May 20 by Morgan Stanley. On Thursday, November 5 the stock rating was downgraded by Societe Generale to "Hold".

Investors sentiment increased to 1 in Q2 2017. Its up 0.31, from 0.87 in 2017Q1. It is positive, as 60 investors sold EMR shares while 407 reduced holdings. 123 funds opened positions while 564 raised stakes. 440.67 million shares or 1.25% more from 435.22 million shares in 2017Q1 were reported. Emerson Electric accounts for 3.2% of Keystone Financial Planning Inc.'s portfolio, making the stock its 16th largest position. (NYSE:EMR) for 103,595 shares. Needelman Asset Management owns 17,395 shares or 2.67% of their U.S. portfolio. Payden And Rygel stated it has 0.91% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 8,784 shares. The Michigan-based Comerica Secs has invested 0.06% in Emerson Electric Co. It also upped Spire Inc stake by 198,882 shares and now owns 465,442 shares. Rnc Capital Mgmt has invested 0.02% in Emerson Electric Co. Cantab Prtnrs Ltd Liability Partnership holds 25,389 shares or 0% of its portfolio. 40,000 were reported by Louisiana State Employees Retirement Systems. Bank of America Corporation upgraded Emerson Electric from a "neutral" rating to a "buy" rating and raised their target price for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. A lower number would indicate that the company has been undervalued, where its stock is relatively low-priced in connection to its free cash flow. 49,514 were accumulated by Lowe Brockenbrough And Company. The New York-based Maltese Capital Management Llc has invested 0.19% in the stock. They expect $0.86 earnings per share, up 14.67% or $0.11 from last year's $0.75 per share.

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Following the transaction, the insider now owns 289,996 shares of the company's stock, valued at approximately $27,465,521.16. Convergence Invest Prtnrs Limited Liability Com stated it has 0.03% of its portfolio in American Express Company (NYSE:AXP).

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Investors sentiment increased to 1 in Q2 2017. It turned negative, as 45 investors sold DHI shares while 183 reduced holdings. 91 funds opened positions while 334 raised stakes. 300.92 million shares or 0.71% less from 303.08 million shares in 2017Q1 were reported. Benjamin F Edwards & Com Inc holds 124 shares. Boston owns 594,924 shares. Moreover, Eaton Vance Mgmt has 0.01% invested in Dicks Sporting Goods Inc (NYSE:DKS). The firm owned 1,127,133 shares of the industrial products company's stock after purchasing an additional 227,878 shares during the period. Stonebridge Cap Advisors Ltd Llc owns 114,484 shares. Marco Invest Management Limited Com invested 0.07% in Visa Inc (NYSE:V). Howe And Rusling has 183 shares. Huntington National Bank & Trust accumulated 410,972 shares. Bb&T, North Carolina-based fund reported 203,024 shares. National Mutual Federation Of Agricultural Cooperatives stated it has 34,700 shares or 0.04% of all its holdings. Associated Banc has 18,069 shares. Train Babcock Advsr Limited Liability Company invested in 0.15% or 5,600 shares.

Among 23 analysts covering DR Horton Inc (NYSE:DHI), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $62.00 target price (up from $61.00) on shares of Emerson Electric in a report on Wednesday, August 2nd. On Friday, August 12 the stock rating was maintained by UBS with "Buy". Evercore downgraded the shares of DHI in report on Wednesday, June 21 to "In-Line" rating. Citigroup maintained Becton Dickinson and Co (NYSE:BDX) on Thursday, February 4 with "Neutral" rating. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with "Sector Perform". Wells Fargo maintained it with "Outperform" rating and $235 target in Tuesday, October 24 report. The firm has "Underperform" rating given on Monday, April 18 by FBN Securities.

EMR has been the subject of a number of research analyst reports.

Denver Investment Advisors Llc increased Amtrust Financial Services (NASDAQ:AFSI) stake by 731,249 shares to 2.26M valued at $34.26M in 2017Q2. Delta Capital Mngmt Ltd Company has 1.85% invested in Becton Dickinson and Co (NYSE:BDX) for 14,101 shares.

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