In today’s session Emerson Electric Co. (EMR) registered an unusually high (871) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious EMR increase. With 871 contracts traded and 53234 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: EMR161216C00052500 closed last at: $0.6 or 20% up. About 2.16M shares traded hands. Emerson Electric Co. (NYSE:EMR) has declined 7.11% since March 30, 2016 and is downtrending. It has underperformed by 10.13% the S&P500.
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 -3.39% below today’s ($51.68) stock price. Emerson Electric Co. has been the topic of 37 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Citigroup maintained Emerson Electric Co. (NYSE:EMR) rating on Tuesday, April 19. Citigroup has “Sell” rating and $49 price target. The rating was upgraded by Vertical Research on Wednesday, August 26 to “Hold”. The firm has “Hold” rating by Societe Generale given on Thursday, November 5. Stifel Nicolaus maintained the shares of EMR in a report on Wednesday, August 5 with “Buy” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, April 18 report. The company was initiated on Monday, October 3 by Berenberg. The rating was upgraded by Argus Research to “Buy” on Wednesday, May 11. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, August 5. The stock of Emerson Electric Co. (NYSE:EMR) has “Sector Perform” rating given on Wednesday, August 5 by RBC Capital Markets. Cowen & Co maintained the shares of EMR in a report on Wednesday, August 5 with “Market Perform” rating.
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 2016 Q2. Its down 0.03, from 1.05 in 2016Q1. The ratio is negative, 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.
Baker Avenue Asset Mgmt Limited Partnership has 0.09% invested in the company for 11,977 shares. Ngam Advsr L P has invested 0.04% of its portfolio in Emerson Electric Co. (NYSE:EMR). Dorsey And Whitney Tru last reported 1.61% of its portfolio in the stock. Guardian L P accumulated 1.04% or 110,046 shares. Wade G W & accumulated 86,417 shares or 0.77% of the stock. The Ohio-based Van Cleef Asset Managementinc has invested 0.18% in Emerson Electric Co. (NYSE:EMR). The Michigan-based Lafleur & Godfrey Limited Liability Corporation has invested 0.1% in Emerson Electric Co. (NYSE:EMR). Northern Tru reported 9.49 million shares or 0.16% of all its holdings. Next Fincl Incorporated accumulated 0.08% or 5,020 shares. Moreover, Geneva Limited Liability Co has 0.02% invested in Emerson Electric Co. (NYSE:EMR) for 15,262 shares. Moreover, Sumitomo Mitsui Asset Mngmt Ltd has 0.08% invested in Emerson Electric Co. (NYSE:EMR) for 49,668 shares. Lombard Odier Asset Management (Europe), a United Kingdom-based fund reported 10,633 shares. Hartford Financial Inc holds 0.01% or 300 shares in its portfolio. Thompson Siegel And Walmsley Limited Liability Com last reported 0% of its portfolio in the stock. Exchange Cap Management reported 600 shares or 0.01% 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 $33.65 billion. The firm operates through five business divisions: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. It has a 18.62 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.
More recent Emerson Electric Co. (NYSE:EMR) news were published by: Wsj.com which released: “Emerson Electric Reports Declines, Gives Downbeat Outlook” on November 01, 2016. Also Nasdaq.com published the news titled: “Agree To Buy Emerson Electric Co. At $30, Earn 2.8% Using Options” on October 20, 2016. Twst.com‘s news article titled: “Emerson Electric Co.: Emerson Announces Agreement to Acquire UK-based …” with publication date: October 03, 2016 was also an interesting one.
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