Could Emerson Electric Co. Rise Even More? The Stock Had Bullish Options Activity

 Could Emerson Electric Co. Rise Even More? The Stock Had Bullish Options Activity

In today’s session Emerson Electric Co. (EMR) registered an unusually high (885) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious EMR increase. With 885 contracts traded and 14374 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: EMR170317C00055000 closed last at: $0.75 or 6.3% down. About 291,724 shares traded hands. Emerson Electric Co. (NYSE:EMR) has declined 3.05% since March 16, 2016 and is downtrending. It has underperformed by 8.60% the S&P500.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on November, 1. They expect $0.91 EPS, down 2.15% or $0.02 from last year’s $0.93 per share. EMR’s profit will be $587.88 million for 13.71 P/E if the $0.91 EPS becomes a reality. After $0.80 actual EPS 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 19 analysts covering Emerson Electric Co. (NYSE:EMR), 4 rate it a “Buy”, 6 “Sell”, while 9 “Hold”. This means 21% are positive. $59 is the highest target while $41 is the lowest. The $49.93 average target is 0.08% above today’s ($49.89) stock price. Emerson Electric Co. has been the topic of 37 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Buckingham Research downgraded Emerson Electric Co. (NYSE:EMR) on Friday, August 19 to “Underperform” rating. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, August 5. Citigroup initiated Emerson Electric Co. (NYSE:EMR) on Thursday, January 21 with “Sell” rating. The stock of Emerson Electric Co. (NYSE:EMR) has “Outperform” rating given on Monday, March 14 by Credit Suisse. On Wednesday, August 26 the stock rating was upgraded by Vertical Research to “Hold”. Barclays Capital maintained the shares of EMR in a report on Wednesday, August 5 with “Equal Weight” rating. The stock of Emerson Electric Co. (NYSE:EMR) has “Neutral” rating given on Thursday, August 4 by UBS. The rating was maintained by Cowen & Co on Wednesday, August 5 with “Market Perform”. The company was maintained on Wednesday, August 5 by RBC Capital Markets. The firm earned “Reduce” rating on Friday, October 7 by HSBC.

According to Zacks Investment Research, “Emerson is engaged principally in the worldwide design, manufacture and sale of a broad range of electrical, electromechanical and electronic products and systems. The divisions of the company are organized into the following business segments based on the nature of the products and services provided: Process Control; Industrial Automation; Electronics and Telecommunications; Heating, Ventilating and Air Conditioning; and Appliance and Tools.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.03, from 1.05 in 2016Q1. The ratio dropped, 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.
Courier Capital has 20,092 shares for 0.21% of their US portfolio. Abner Herrman And Brock Limited Liability Company last reported 151,977 shares in the company. Iat Reinsurance Com holds 1.81% or 50,000 shares in its portfolio. Ally holds 175,000 shares or 1.52% of its portfolio. Athena Lc holds 23,907 shares or 1.92% of its portfolio. Moreover, Bridges Invest Mngmt Inc has 0.18% invested in Emerson Electric Co. (NYSE:EMR) for 18,537 shares. Strategic Advsrs Ltd Limited Liability Company holds 0.46% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 15,365 shares. Vsr reported 5,799 shares or 0.05% of all its holdings. Allianz Asset Management Ag has invested 0.01% of its portfolio in Emerson Electric Co. (NYSE:EMR). Moreover, Parsec Fincl Management has 1.2% invested in Emerson Electric Co. (NYSE:EMR) for 239,198 shares. Stone Run Capital Limited Liability Corporation accumulated 99,650 shares or 3.39% of the stock. Citigroup Incorporated reported 156,870 shares or 0.01% of all its holdings. Triangle Wealth has invested 0.78% of its portfolio in Emerson Electric Co. (NYSE:EMR). Fukoku Mutual Life Ins Com, a Japan-based fund reported 3,600 shares. Bowen Hanes And Company reported 56,792 shares or 0.16% of all its holdings.

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 $32.23 billion. The firm operates through five business divisions: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. It has a 17.98 P/E ratio. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes.

EMR Company Profile

Emerson Electric Co., incorporated on September 24, 1890, is engaged in providing solutions for industrial, commercial and consumer markets around the world. The firm operates through five business divisions: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

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