Emerson Electric Co. Draws Bearish Options Activity Today

 Emerson Electric Co. Draws Bearish Options Activity Today

In today’s session Emerson Electric Co. (EMR) recorded an unusually high (400) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious EMR decrease. With 400 contracts traded and 31074 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: EMR161118P00048000 closed last at: $0.1 or 60% down. About 973,151 shares traded hands. Emerson Electric Co. (NYSE:EMR) has risen 3.66% since April 11, 2016 and is uptrending. It has underperformed by 2.48% 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 -9.38% below today’s ($55.1) stock price. Emerson Electric Co. has been the topic of 37 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by UBS given on Thursday, August 4. Cowen & Co maintained Emerson Electric Co. (NYSE:EMR) on Wednesday, August 5 with “Market Perform” rating. On Friday, August 19 the stock rating was downgraded by Credit Suisse to “Neutral”. The firm has “Hold” rating given on Wednesday, August 5 by Canaccord Genuity. The stock of Emerson Electric Co. (NYSE:EMR) has “Equal-Weight” rating given on Monday, April 18 by Barclays Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, November 4. RBC Capital Markets maintained it with “Sector Perform” rating and $50 target price in Wednesday, August 5 report. Berenberg initiated it with “Sell” rating and $41 target price in Monday, October 3 report. On Wednesday, May 11 the stock rating was upgraded by Argus Research to “Buy”. TheStreet downgraded the stock to “Hold” rating in Friday, September 4 report.

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 turned 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.
Asset Management has 79,786 shares for 0.16% of their US portfolio. Mitsubishi Ufj Trust & Bk accumulated 1.32 million shares or 0.15% of the stock. Utah Retirement Sys holds 0.16% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 117,316 shares. Prudential Public Limited Co reported 784,303 shares or 0.16% of all its holdings. Hightower Advsrs Limited Co holds 0.16% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 241,302 shares. Hall Laurie J Trustee, a Massachusetts-based fund reported 25,455 shares. Moreover, Apg Asset Mgmt Nv has 0.14% invested in Emerson Electric Co. (NYSE:EMR) for 1.41M shares. Oppenheimer Inc accumulated 46,780 shares or 0.07% of the stock. Monetary Management Gp Inc holds 5,630 shares or 0.14% of its portfolio. Edgemoor Invest Incorporated owns 132,420 shares or 1.09% of their US portfolio. Arrow has 8,618 shares for 0.12% of their US portfolio. Brown Advisory Securities Limited Liability Corp last reported 0.23% of its portfolio in the stock. White Pine Capital Ltd Limited Liability Company holds 11,566 shares or 0.25% of its portfolio. The California-based Gemmer Asset Management Ltd Liability Co has invested 0.04% in Emerson Electric Co. (NYSE:EMR). Cibc accumulated 0.02% or 99,698 shares.

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 $37.03 billion. The firm operates through five business divisions: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. It has a 22.38 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 news for Emerson Electric Co. (NYSE:EMR) were recently published by: Seekingalpha.com, which released: “Dividend Aristocrats In Focus Part 35: Emerson Electric” on November 08, 2016. Fool.com‘s article titled: “Emerson Electric Prepares for 2017” and published on November 02, 2016 is yet another important article.

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