As Emerson Electric Co (EMR) Stock Declined, Tower Bridge Advisors Has Decreased Holding; As Stamps Com (STMP) Stock Declined, Jericho Capital Asset Management LP Has Boosted Stake by $21.32 Million

October 12, 2017 - By Maria Brooks

Tower Bridge Advisors decreased its stake in Emerson Electric Co (EMR) by 0.17% based on its latest 2017Q2 regulatory filing with the SEC. Tower Bridge Advisors sold 100 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 57,914 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $3.45B, down from 58,014 at the end of the previous reported quarter. Tower Bridge Advisors who had been investing in Emerson Electric Co for a number of months, seems to be less bullish one the $41.04B market cap company. The stock rose 0.76% or $0.48 reaching $63.91. About 515,260 shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since October 12, 2016 and is uptrending. It has outperformed by 1.77% the S&P500.

Josh Resnick increased its stake in Stamps Com Inc (STMP) by 23.22% based on its latest 2017Q2 regulatory filing with the SEC. Jericho Capital Asset Management Lp bought 138,448 shares as the company’s stock declined 8.10% while stock markets rallied. The hedge fund run by Josh Resnick held 734,751 shares of the business services company at the end of 2017Q2, valued at $113.80M, up from 596,303 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Stamps Com Inc for a number of months, seems to be bullish on the $3.74B market cap company. The stock rose 1.63% or $3.55 reaching $221.25 per share. About 182,482 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 54.88% since October 12, 2016 and is uptrending. It has outperformed by 38.18% the S&P500.




Tower Bridge Advisors, which manages about $1.11 billion and $872.24 million US Long portfolio, upped its stake in Leidos Hldgs Inc (NYSE:LDOS) by 15,783 shares to 168,023 shares, valued at $8.69 billion in 2017Q2, according to the filing. It also increased its holding in Vanguard/Wellington F (VWENX) by 40 shares in the quarter, for a total of 5,755 shares, and has risen its stake in J P Morgan Chase & Co (NYSE:JPM).

Among 24 analysts covering Emerson Electric Co. (NYSE:EMR), 6 have Buy rating, 2 Sell and 16 Hold. Therefore 25% are positive. Emerson Electric Co. had 59 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, October 5, the company rating was maintained by Barclays Capital. The firm has “Sell” rating by Berenberg given on Monday, October 3. Cowen & Co maintained Emerson Electric Co. (NYSE:EMR) rating on Wednesday, April 26. Cowen & Co has “Hold” rating and $62 target. The stock of Emerson Electric Co. (NYSE:EMR) has “Buy” rating given on Thursday, September 14 by JMP Securities. The stock of Emerson Electric Co. (NYSE:EMR) earned “Hold” rating by Argus Research on Thursday, August 6. The rating was upgraded by Standpoint Research on Wednesday, January 20 to “Buy”. As per Monday, March 14, the company rating was maintained by Credit Suisse. The stock has “Hold” rating by HSBC on Friday, March 3. The firm earned “Hold” rating on Thursday, November 5 by Societe Generale. The stock of Emerson Electric Co. (NYSE:EMR) earned “Neutral” rating by UBS on Wednesday, February 8.

Investors sentiment increased to 1 in Q2 2017. Its up 0.12, from 0.88 in 2017Q1. It increased, as 60 investors sold EMR shares while 407 reduced holdings. 86 funds opened positions while 383 raised stakes. 440.67 million shares or 1.25% more from 435.22 million shares in 2017Q1 were reported. Argent holds 0.39% or 23,520 shares. Wealthfront invested 0.02% of its portfolio in Emerson Electric Co. (NYSE:EMR). Wendell David Associate owns 42,994 shares. Union Retail Bank Corporation invested in 0.11% or 5,550 shares. Cobblestone Advisors Llc, a New York-based fund reported 30,680 shares. Premier Asset Management Lc accumulated 32,877 shares. Lombard Odier Asset Mgmt (Europe) invested in 8,184 shares or 0.03% of the stock. Moreover, Sit Inv Assoc has 0.01% invested in Emerson Electric Co. (NYSE:EMR). 3,300 are owned by Grisanti Capital Limited Liability Company. City Holding reported 41,728 shares stake. Barclays Public Ltd Co accumulated 417,839 shares. 63,435 are owned by Hemenway Com Ltd Com. Alpha Cubed Invests Ltd Liability has invested 0.09% in Emerson Electric Co. (NYSE:EMR). Wade G W & reported 13,358 shares. Clearbridge Lc has 0.03% invested in Emerson Electric Co. (NYSE:EMR).

More news for Emerson Electric Co. (NYSE:EMR) were recently published by: Nasdaq.com, which released: “Emerson Electric (EMR) Poised to Grow Despite Headwinds” on September 27, 2017. Twst.com‘s article titled: “Emerson Electric Co.: Emerson Acquires GeoFields, Inc.” and published on October 10, 2017 is yet another important article.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on November, 7. They expect $0.79 earnings per share, down 17.71% or $0.17 from last year’s $0.96 per share. EMR’s profit will be $507.30 million for 20.22 P/E if the $0.79 EPS becomes a reality. After $0.68 actual earnings per share reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts 16.18% EPS growth.

Since May 4, 2017, it had 0 insider purchases, and 7 selling transactions for $9.10 million activity. Clem John Roland sold $888,480 worth of stock or 6,170 shares. ANANDA MOHAN P had sold 40,000 shares worth $5.78 million. $750,742 worth of Stamps.com Inc. (NASDAQ:STMP) shares were sold by WEISBERG SETH. Shares for $165,420 were sold by Khechfe Amine.

Another recent and important Stamps.com Inc. (NASDAQ:STMP) news was published by Nasdaq.com which published an article titled: “Zacks.com featured highlights include Stamps.com, Motorcar Parts of America …” on October 03, 2017.

Among 8 analysts covering Stamps.com (NASDAQ:STMP), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Stamps.com had 20 analyst reports since August 7, 2015 according to SRatingsIntel. On Thursday, July 14 the stock rating was initiated by Prescience Point with “Sell”. The stock of Stamps.com Inc. (NASDAQ:STMP) has “Buy” rating given on Monday, November 9 by Singular Research. The stock of Stamps.com Inc. (NASDAQ:STMP) has “Buy” rating given on Thursday, August 3 by Craig Hallum. The firm earned “Buy” rating on Friday, July 28 by Roth Capital. The stock of Stamps.com Inc. (NASDAQ:STMP) earned “Buy” rating by B. Riley & Co on Thursday, October 5. The rating was upgraded by B. Riley & Co to “Buy” on Friday, November 6. The rating was downgraded by Sidoti on Monday, November 9 to “Neutral”. The firm earned “Buy” rating on Monday, February 27 by Singular Research. The firm has “Outperform” rating by Northland Capital given on Friday, November 6. The firm has “Buy” rating given on Tuesday, January 12 by Sidoti.

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