Emerson Electric Co. Has More Gas To Increase After Today’s Bullish Options Activity

 Emerson Electric Co. Has More Gas To Increase After Today's Bullish Options Activity

In today’s session Emerson Electric Co. (EMR) registered an unusually high (782) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious EMR increase. With 782 contracts traded and 37774 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: EMR161021C00055000 closed last at: $0.75 or 150% up. The stock decreased 0.84% or $0.45 during the last trading session, hitting $53.35. About 3.45 million shares traded hands. Emerson Electric Co. (NYSE:EMR) has risen 5.83% since March 2, 2016 and is uptrending. It has underperformed by 3.41% the S&P500.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on November, 1. They expect $0.91 earnings per share, down 2.15% or $0.02 from last year’s $0.93 per share. EMR’s profit will be $578.07M for 14.66 P/E if the $0.91 EPS becomes a reality. After $0.80 actual earnings per share reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts 13.75% EPS growth.

Emerson Electric Co. (NYSE:EMR) Ratings Coverage

Out of 18 analysts covering Emerson Electric Co. (NYSE:EMR), 4 rate it a “Buy”, 4 “Sell”, while 10 “Hold”. This means 22% are positive. Emerson Electric Co. has been the topic of 35 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Credit Suisse maintained the shares of EMR in a report on Monday, March 14 with “Outperform” rating. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, August 5. The rating was initiated by Sterne Agee CRT with “Neutral” on Wednesday, September 9. The stock of Emerson Electric Co. (NYSE:EMR) has “Buy” rating given on Wednesday, May 11 by Argus Research. Vertical Research upgraded the shares of EMR in a report on Wednesday, August 26 to “Hold” rating. Citigroup maintained Emerson Electric Co. (NYSE:EMR) rating on Tuesday, April 19. Citigroup has “Sell” rating and $49 price target. As per Thursday, August 6, the company rating was downgraded by Argus Research. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, August 5. On Monday, October 3 the stock rating was initiated by Berenberg with “Sell”. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, April 18.

Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.03, from 1.05 in 2016Q1. The ratio worsened, as 60 funds sold all Emerson Electric Co. shares owned while 421 reduced positions. 78 funds bought stakes while 411 increased positions. They now own 440.84 million shares or 2.17% less from 450.63 million shares in 2016Q1.
First Mercantile Tru Commerce holds 0.03% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 4,229 shares. Wendell David Assocs accumulated 42,861 shares or 0.44% of the stock. Opus Mgmt holds 0.15% or 16,000 shares in its portfolio. State Bank Of The Ozarks holds 4,780 shares or 0.09% of its portfolio. Robecosam Ag, a Switzerland-based fund reported 36,245 shares. Edge Wealth Mgmt Ltd Liability holds 1.64% or 75,724 shares in its portfolio. Butensky & Cohen Financial Security Inc owns 32,193 shares or 1.64% of their US portfolio. Private Advisor Grp Inc holds 0.24% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 114,737 shares. Arvest Bancorp Trust Division holds 0.03% or 6,038 shares in its portfolio. Conning has invested 1.18% of its portfolio in Emerson Electric Co. (NYSE:EMR). Brookstone Capital Mngmt reported 72,391 shares or 0.49% of all its holdings. Tweedy Browne Communications Ltd Com reported 1.83 million shares or 2.68% of all its holdings. Naples Global Advsrs Limited Liability Com, a Florida-based fund reported 21,895 shares. Thompson Davis And Company has 0.02% invested in the company for 293 shares. Raymond James Svcs Advisors owns 232,721 shares or 0.12% of their US portfolio.

Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for clients in industrial, commercial, and consumer markets around the world. The company has a market cap of $33.89 billion. The firm operates through five business divisions: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. It has a 19.23 P/E ratio. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes.

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