Emerson Electric Company (NYSE:EMR).
Raymond James & Associates says it raised its stake in Emerson Electric Company shares by 2.8% in the last quarter. Its investment was valued at $81,765,000 an increase of $6,283,000 according to the filing.
Raymond James & Associates isn’t the only one who has changed their investment in EMR. As of the end of the quarter Bowen Hanes & Co Inc had sold 2,500 shares trimming its position 4.4%. The value of the company’s investment in Emerson Electric Company increased from $3,386,000 to $3,411,000 a change of 0.7% since the last quarter. Van Strum & Towne Inc. augmented its holdings by buying 1,125 shares an increase of 2.0% in the quarter. Van Strum & Towne Inc. claims 56,853 shares valued at $3,573,000. The value of the position overall is up by 7.5%.
As of quarter end Baird Financial Group, Inc. had disposed of a total of 16,520 shares trimming its stake by 2.9%. The value of the investment in EMR went from $33,441,000 to $34,209,000 a change of $768,000 quarter to quarter.
November 9 investment analysts at Stifel Nicolaus maintained a stock rating of “Buy” with a current price target of $72.00. November 9 investment analysts at Royal Bank Of Canada reiterated a “Neutral” rating on the stock.
On November 8 Wells Fargo & Company maintained a company rating of “Market Perform” targeting a price of $65.00.
The company is down from yesterday’s close of 60.74. The company’s P/E ratio is 23.58 and market cap is 38.65B. In the last earnings report the EPS was $2.56 with 639.97M shares outstanding.
Investors are feeling more bearish on Emerson Electric Company of late as implied by the uptick in short interest. The company had a rise in short interest of 9.19% as of October 31, 2017 from the last reporting period. Short shares grew from 9,066,100 to 9,899,094 over that period. With short interest at 9,899,094 and short average daily volume at 3,381,324, days to cover is 3.0 and the percentage of shorted shares is 0.02% as of October 31.