Barclays Starts Emerson Electric Co (EMR) Coverage with $80 Target; Patten Group Cut At&T (T) Stake

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. has $83.0 highest and $41 lowest target. $64.40’s average target is -9.69% below currents $71.31 stock price. Emerson Electric Co. had 85 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, November 5 the stock rating was downgraded by Societe Generale to “Hold”. The stock of Emerson Electric Co. (NYSE:EMR) earned “Hold” rating by Edward Jones on Friday, November 17. Cowen & Co maintained Emerson Electric Co. (NYSE:EMR) rating on Monday, January 22. Cowen & Co has “Buy” rating and $78.0 target. On Wednesday, August 5 the stock rating was maintained by Canaccord Genuity with “Hold”. RBC Capital Markets maintained the shares of EMR in report on Wednesday, August 5 with “Sector Perform” rating. The firm has “Equal-Weight” rating given on Monday, April 18 by Barclays Capital. On Tuesday, August 1 the stock rating was maintained by Cowen & Co with “Hold”. The company was initiated on Monday, October 3 by Berenberg. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, November 4. Cowen & Co initiated the stock with “Hold” rating in Thursday, November 16 report.

Patten Group Inc decreased At&T Inc (T) stake by 20.16% reported in 2017Q3 SEC filing. Patten Group Inc sold 9,658 shares as At&T Inc (T)’s stock declined 7.81%. The Patten Group Inc holds 38,237 shares with $1.50M value, down from 47,895 last quarter. At&T Inc now has $223.52B valuation. The stock decreased 0.52% or $0.19 during the last trading session, reaching $36.41. About 24.83M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 15, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

The stock increased 1.32% or $0.93 during the last trading session, reaching $71.31. About 5.00M shares traded or 34.80% up from the average. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since February 15, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Since August 31, 2017, it had 0 insider buys, and 2 sales for $616,887 activity. On Monday, December 11 Button Bell Katherine sold $498,900 worth of Emerson Electric Co. (NYSE:EMR) or 7,518 shares. 2,000 shares were sold by Sharp Robert T, worth $117,987.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.14, from 1 in 2017Q2. It dived, as 44 investors sold Emerson Electric Co. 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. Scotia Capital Inc invested in 114,713 shares or 0.1% of the stock. Serv Automobile Association reported 644,152 shares stake. Columbia Partners L L C Management invested 0.44% of its portfolio in Emerson Electric Co. (NYSE:EMR). Checchi Advisers Limited Co reported 0.04% in Emerson Electric Co. (NYSE:EMR). Tiedemann Wealth Mgmt Ltd Co reported 10,932 shares or 0.04% of all its holdings. 2.00M were reported by Parametric Portfolio Associates Limited Liability Co. Davis R M has invested 0.11% in Emerson Electric Co. (NYSE:EMR). Brinker Cap invested in 4,031 shares or 0.01% of the stock. Deprince Race & Zollo reported 687,475 shares. California-based Mraz Amerine Inc has invested 0.51% in Emerson Electric Co. (NYSE:EMR). Klingenstein Fields Limited Liability Corporation reported 0.02% in Emerson Electric Co. (NYSE:EMR). Nichols Pratt Advisers Ltd Liability Partnership Ma holds 554,253 shares. Arizona State Retirement Sys reported 176,096 shares. Cornerstone Capital invested 0.08% of its portfolio in Emerson Electric Co. (NYSE:EMR). Tdam Usa, a Ontario – Canada-based fund reported 329,410 shares.

Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. The company has market cap of $45.54 billion. The companyÂ’s Process Management segment offers systems and software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; and digital plant architecture solutions. It has a 30.4 P/E ratio. It also provides consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of gas and oil reservoirs and plants.