As Emerson Elec Co (EMR) Stock Value Declined, Shareholder State Farm Mutual Automobile Insurance Company Has Lowered Stake; Univest Of Pennsylvania Boosted Its Jpmorgan Chase & Co (JPM) Holding by $415,530 as Market Value Declined

February 21, 2018 - By Darrin Black

State Farm Mutual Automobile Insurance Company decreased its stake in Emerson Elec Co (EMR) by 3.03% based on its latest 2017Q3 regulatory filing with the SEC. State Farm Mutual Automobile Insurance Company sold 256,694 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 8.21 million shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $515.78 million, down from 8.46M at the end of the previous reported quarter. State Farm Mutual Automobile Insurance Company who had been investing in Emerson Elec Co for a number of months, seems to be less bullish one the $45.59 billion market cap company. The stock increased 1.04% or $0.74 during the last trading session, reaching $71.81. About 3.21M shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since February 21, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.




Univest Corp Of Pennsylvania increased its stake in Jpmorgan Chase & Co (JPM) by 8.55% based on its latest 2017Q3 regulatory filing with the SEC. Univest Corp Of Pennsylvania bought 4,374 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 55,511 shares of the major banks company at the end of 2017Q3, valued at $5.30 million, up from 51,137 at the end of the previous reported quarter. Univest Corp Of Pennsylvania who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $394.34B market cap company. The stock increased 0.37% or $0.43 during the last trading session, reaching $115.14. About 12.80 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 21, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Among 29 analysts covering Emerson Electric Co. (NYSE:EMR), 12 have Buy rating, 2 Sell and 15 Hold. Therefore 41% are positive. Emerson Electric Co. had 86 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, August 5. The company was maintained on Wednesday, November 4 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, January 20 by Standpoint Research. As per Monday, October 3, the company rating was initiated by Berenberg. The rating was maintained by Cowen & Co with “Hold” on Tuesday, August 1. The rating was maintained by Canaccord Genuity on Wednesday, August 5 with “Hold”. Oppenheimer maintained the shares of EMR in report on Tuesday, August 1 with “Hold” rating. The firm has “Neutral” rating given on Friday, January 27 by Goldman Sachs. Stifel Nicolaus maintained it with “Buy” rating and $72.0 target in Thursday, November 9 report. The stock has “Sell” rating by Citigroup on Thursday, January 21.

Since August 31, 2017, it had 0 insider purchases, and 2 insider sales for $616,887 activity. Sharp Robert T had sold 2,000 shares worth $117,987 on Thursday, August 31.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.14, from 1 in 2017Q2. It fall, as 44 investors sold EMR shares while 444 reduced holdings. 92 funds opened positions while 328 raised stakes. 432.93 million shares or 1.76% less from 440.67 million shares in 2017Q2 were reported. Strs Ohio holds 568,506 shares. Bush Odonnell Invest invested in 59,365 shares or 2.84% of the stock. Wade G W & Inc stated it has 13,270 shares. Argyle Cap Mngmt invested in 1.29% or 52,415 shares. Twin Capital Management Incorporated reported 12,050 shares or 0.04% of all its holdings. Whittier Tru Com reported 180,972 shares stake. Windward Mngmt Ca owns 0.15% invested in Emerson Electric Co. (NYSE:EMR) for 14,758 shares. S R Schill And Assoc holds 16,663 shares. Zevin Asset Management Limited Liability has 1.65% invested in Emerson Electric Co. (NYSE:EMR) for 111,690 shares. Pub Employees Retirement Systems Of Ohio reported 0.15% stake. Rnc Mngmt Lc holds 0.03% in Emerson Electric Co. (NYSE:EMR) or 5,678 shares. Moreover, Carlton Hofferkamp & Jenks Wealth Mngmt Limited Liability Corporation has 0.19% invested in Emerson Electric Co. (NYSE:EMR) for 4,657 shares. Stevens Cap Ltd Partnership reported 31,887 shares or 0.07% of all its holdings. Sabal Tru invested in 0.06% or 9,640 shares. First Personal Financial Service holds 0.12% or 9,336 shares.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on May, 1. They expect $0.71 earnings per share, up 22.41% or $0.13 from last year’s $0.58 per share. EMR’s profit will be $450.74M for 25.29 P/E if the $0.71 EPS becomes a reality. After $0.58 actual earnings per share reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts 22.41% EPS growth.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It worsened, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. Halsey Associates Ct holds 39,756 shares. Bancorpsouth holds 0.2% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 21,393 shares. Abner Herrman & Brock Ltd Liability Corp accumulated 212,321 shares. Zeke Ltd Limited Liability Company owns 64,325 shares for 0.84% of their portfolio. Planning Corporation reported 33,365 shares. Brave Asset Mngmt, New Jersey-based fund reported 16,555 shares. Haverford stated it has 1.43 million shares. Chemung Canal Trust Company holds 2.5% in JPMorgan Chase & Co. (NYSE:JPM) or 114,907 shares. Beck Mack Oliver Ltd has 2.09% invested in JPMorgan Chase & Co. (NYSE:JPM) for 664,442 shares. Teachers Insurance & Annuity Association Of America holds 0.51% in JPMorgan Chase & Co. (NYSE:JPM) or 199,800 shares. Fairview Mngmt Limited Liability holds 0.02% or 3,705 shares in its portfolio. Proshare Advsr Limited Liability Com stated it has 964,471 shares or 0.85% of all its holdings. Biondo Investment Advisors Ltd holds 93,733 shares. Legacy Cap Ptnrs accumulated 3,525 shares. Tarbox Family Office Inc stated it has 0.07% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM).

Univest Corp Of Pennsylvania, which manages about $236.97M US Long portfolio, decreased its stake in Aetna Inc New (NYSE:AET) by 2,223 shares to 23,504 shares, valued at $3.74 million in 2017Q3, according to the filing. It also reduced its holding in Suncor Energy Inc New (NYSE:SU) by 21,406 shares in the quarter, leaving it with 66,556 shares, and cut its stake in Abbvie Inc (NYSE:ABBV).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: