As Emerson Elec Co (EMR) Shares Rose, Shareholder Bank Of America Corp Increased Its Stake

November 10, 2018 - By Eric Painter

Emerson Electric Co. (NYSE:EMR) Corporate LogoDuring 2018 Q2 the big money sentiment increased to 0.81. That’s change of 0.10, from 2018Q1’s 0.71. 47 investors sold all, 466 reduced holdings as EMR ratio improved. 316 increased stakes while 101 funds took stakes. Funds hold 429.87 million shares thus 0.53% more from 2018Q1’s 427.58 million shares. Burt Wealth reported 0.03% stake. Boston Family Office Limited Co owns 8,860 shs. Abner Herrman And Brock Ltd Com holds 268,138 shs or 2.89% of its capital. Fjarde Ap stated it has 0.19% of its capital in Emerson Electric Co. (NYSE:EMR). Oregon Public Employees Retirement Fund has invested 0.07% in Emerson Electric Co. (NYSE:EMR). Apg Asset Mngmt Nv has 0.33% invested in Emerson Electric Co. (NYSE:EMR). Liberty Mutual Group Incorporated Asset Management stated it has 25,186 shs. Shine Invest Advisory Svcs holds 0.03% of its capital in Emerson Electric Co. (NYSE:EMR) for 900 shs. Whittier Trust Communications, California-based fund reported 291,315 shs. Cullen Frost Bankers Inc holds 0.16% of its capital in Emerson Electric Co. (NYSE:EMR) for 76,092 shs. Bp Public Ltd Com holds 0.16% or 73,000 shs in its capital. Wisconsin-based State Of Wisconsin Board has invested 0.15% in Emerson Electric Co. (NYSE:EMR). Tower Bridge Advsrs reported 95,101 shs stake. Nbt Bank & Trust N A invested in 0.28% or 22,792 shs. Summit Wealth Advisors Ltd Liability Corporation holds 50,344 shs or 1.15% of its capital.

EMR registered $10.28 million net activity with 0 buys and 4 insider sales since June 18, 2018. 47,530 shs were sold by DELLAQUILA FRANK J, worth $3.51M on Tuesday, August 14. The insider Pelch Steven J. sold $475,774. On Friday, September 7 MONSER EDWARD L also sold $4.57 million worth of Emerson Electric Co. (NYSE:EMR).

In Emerson Elec Co (EMR) was increased the stake owned by Bank Of America Corp. The decrease is 1157173.55% according to 2018Q2 SEC filling. The company’s stock rose 5.95% with the market as Bank Of America Corp bought 23.14M shares. The institutional investor is holding 23.15 million shares, compared to the 2,000 from the previous quarter. And the reported value of the consumer electronics and appliances company is $1.60 billion for the 2018Q2. $43.04 billion is the MC of Emerson Elec Co. EMR is reaching $68.49 during the last trading session, after decreased 1.82%.Emerson Electric Co. is uptrending after having risen 25.87% since November 10, 2017. EMR has 4.24 million volume or 38.99% up from normal. EMR outperformed the S&P500 by 10.25%.

A portfolio of $603.71 billion is managed by Bank Of America Corp. As it’s reported in SEC filling the stake in Ishares Tr (IEF) is reduced by 1.04M shares to 3.21M shares. They are valued at $329.03M in 2018Q2. Bank Of America Corp has cut its stake in Vaneck Vectors Etf Tr and also reduced its holding in Ishares Tr (EFV) by 251,573 shares in the quarter, for a total of 3.37M shares.

Another two news for Emerson Electric Co. (NYSE:EMR) were recently released by: Seekingalpha.com on November 09, 2018 with title “Emerson Electric Is A Great Industrial Stock – Cramer’s Lightning Round (11/8/18)”. The other Seekingalpha.com‘s article was titled “More on Emerson Electric’s FQ4” and released on November 06, 2018.

Emerson Electric Co. (NYSE:EMR) Ratings Coverage

In total 8 analysts cover Emerson Electric (NYSE:EMR). “Buy” rating has 7, “Sell” are 0, while 1 are “Hold”. 88% are bullish. 9 are the (NYSE:EMR)’s analyst reports since July 12, 2018 according to StockzIntelligence Inc. On Thursday, August 9 Barclays Capital maintained Emerson Electric Co. (NYSE:EMR) rating. Barclays Capital has “Overweight” rating and $85 target. On Friday, August 10 the firm has “Overweight” rating given by JP Morgan. On Thursday, October 4 the stock of Emerson Electric Co. (NYSE:EMR) earned “Buy” rating by Bank of America. On Monday, September 24 Barclays Capital maintained Emerson Electric Co. (NYSE:EMR) rating. Barclays Capital has “Overweight” rating and $88 target. On Thursday, July 12 Deutsche Bank maintained Emerson Electric Co. (NYSE:EMR) rating. Deutsche Bank has “Buy” rating and $81 target. On Tuesday, August 14 the firm earned “Buy” rating by Argus Research. On Thursday, August 30 the stock of Emerson Electric Co. (NYSE:EMR) has “Buy” rating given by UBS.

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

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