ProShare Advisors LLC Sells 90950 Shares of Emerson Electric Co. (EMR)

Jay Anderson
May 18, 2017

Cam Group Holding A sold 9,096 shares as Kite Pharma Inc (KITE)'s stock 0.00%. The stock exchanged hands 3.5 Million shares versus average trading capacity of 3.77 Million shares, yielding a market cap of $37.6 Billion. Cadence Bank NA now owns 12,285 shares of the industrial products company's stock valued at $685,000 after buying an additional 93 shares in the last quarter. The stock was trading on below-average volume. Shares have risen 27.07% over the trailing 6 months. It has by 0.00% the S&P500. 7,839 Emerson Electric Co. Cowen and Company reissued a "hold" rating and set a $62.00 target price on shares of Emerson Electric in a report on Tuesday, May 2nd. LLEN's SI was 22,300 shares in May as released by FINRA.

Analysts await Emerson Electric Co. The analysts estimated mean EPS at 0.68 while the high and low EPS estimate stand at 0.71 and 0.65 respectively. EMR's profit will be $440.14 million for 21.54 P/E if the $0.68 EPS becomes a reality. The industrial products company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58.

Investors sentiment decreased to 0.81 in 2016 Q4. Its down 0.33, from 1 in 2016Q3. 1 funds opened positions while 1 raised stakes. 433.10 million shares or 2.57% less from 444.54 million shares in 2016Q3 were reported. Lynch Assocs In owns 60,949 shares for 1.43% of their portfolio. Emerson Electric's dividend payout ratio is presently 77.73%. (NYSE:EMR) for 139,389 shares. It also upped Intl Business Machines Corp Ibm (NYSE:IBM) stake by 2,100 shares and now owns 113,375 shares.

Bremer Trust National Association decreased its stake in Emerson Electric Co. (NYSE:EMR). Hightower Advsrs Limited Liability Corporation holds 0.14% or 233,256 shares.

"TRADEMARK VIOLATION NOTICE: "$0.68 Earnings Per Share Expected for Emerson Electric Co. Its quick ratio was 4.10 while current ratio was noted as 4.40 in the most recent quarter. Strategy Asset Managers Ltd Liability stated it has 0.27% in Emerson Electric Co. Heritage Investors Management Corporation invested in 5,495 shares or 0.02% of the stock. Duncker Streett Incorporated reported 28,348 shares or 0.53% of all its holdings. Zevin Asset Mngmt Llc holds 0.45% or 31,258 shares in its portfolio.

Invesco Ltd increased Gibraltar Inds Inc (NASDAQ:ROCK) stake by 157,714 shares to 330,628 valued at $13.77 million in 2016Q4. Eaton Vance Corp (NYSE:EV) was raised too.

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Since February 9, 2017, it had 0 buys, and 4 insider sales for $2.97 million activity. Smith Moore invested in 0.64% or 30,000 shares. $910,063 worth of stock was sold by DELLAQUILA FRANK J on Thursday, February 9. 7,839 shares were sold by Pelch Steven J., worth $496,277. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.49 billion.

The consensus recommendation, according to Zacks Investment research, is 2.57. (EMR)'s shares projecting a $61.22 target price.

On the last trading day, Emerson Electric Co. (NYSE:EMR) for 400 shares. The firm has "Underperform" rating given on Friday, August 19 by Buckingham Research. (NYSE:EMR) earned "Hold" rating by HSBC on Friday, March 3. On Monday, July 18 the stock rating was maintained by Barclays Capital with "Equalweight". (NYSE:EMR) on Wednesday, August 5 with "Market Perform" rating.

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Volatility of the shares is also to be considered while making the investment decisions. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the stock. Therefore 67% are positive. EMR was included in 44 notes of analysts from August 6, 2015. TheStreet upgraded Emerson Electric from a "c+" rating to a "b" rating in a research report on Thursday, May 4th. The firm has "Sell" rating by Goldman Sachs given on Thursday, September 3. Now Amgen Inc. $182.87 target price is just $26.13 shy of the official lowest sell-side analyst price target on Wall Street. Citigroup maintained the stock with "Sell" rating in Tuesday, April 19 report. As per Wednesday, May 11, the company rating was upgraded by Argus Research. Suntrust Robinson initiated Kite Pharma Inc (NASDAQ:KITE) on Friday, January 29 with "Buy" rating. Societe Generale downgraded the stock to "Hold" rating in Thursday, November 5 report. The total market capitalization remained at $239.34 billion.

Since December 6, 2016, it had 1 buying transaction, and 4 insider sales for $7.85 million activity. 9,832 shares were bought by Nussbaum Ran, worth $679,474. Another trade for 18,000 shares valued at $1.35M was sold by Wiezorek Jeffrey.

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