Aetna Inc(New) (AET) Shareholder Hl Financial Services Has Trimmed Its Holding by $618,120; Smith Asset Management Group LP Cut Emerson Electric Co (EMR) Holding by $9.89 Million

April 22, 2018 - By Winifred Garcia

Emerson Electric Co. (NYSE:EMR) Logo

Hl Financial Services Llc decreased its stake in Aetna Inc(New) (AET) by 50.63% based on its latest 2017Q4 regulatory filing with the SEC. Hl Financial Services Llc sold 3,434 shares as the company’s stock declined 6.45% with the market. The institutional investor held 3,348 shares of the medical specialities company at the end of 2017Q4, valued at $604,000, down from 6,782 at the end of the previous reported quarter. Hl Financial Services Llc who had been investing in Aetna Inc(New) for a number of months, seems to be less bullish one the $57.88B market cap company. The stock increased 0.28% or $0.49 during the last trading session, reaching $176.92. About 1.67M shares traded. Aetna Inc. (NYSE:AET) has risen 33.34% since April 22, 2017 and is uptrending. It has outperformed by 21.79% the S&P500.

Smith Asset Management Group Lp decreased its stake in Emerson Electric Co (EMR) by 27.05% based on its latest 2017Q4 regulatory filing with the SEC. Smith Asset Management Group Lp sold 143,267 shares as the company’s stock declined 2.50% with the market. The hedge fund held 386,336 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $26.98 million, down from 529,603 at the end of the previous reported quarter. Smith Asset Management Group Lp who had been investing in Emerson Electric Co for a number of months, seems to be less bullish one the $44.57B market cap company. The stock decreased 0.67% or $0.47 during the last trading session, reaching $70.2. About 3.96 million shares traded or 8.38% up from the average. Emerson Electric Co. (NYSE:EMR) has risen 16.24% since April 22, 2017 and is uptrending. It has outperformed by 4.69% the S&P500.

Investors sentiment increased to 0.95 in 2017 Q4. Its up 0.09, from 0.86 in 2017Q3. It increased, as 58 investors sold EMR shares while 427 reduced holdings. 107 funds opened positions while 353 raised stakes. 429.74 million shares or 0.74% less from 432.93 million shares in 2017Q3 were reported. Hudock Capital Gru Ltd holds 2,634 shares or 0.08% of its portfolio. Grisanti Capital Limited Liability Com invested 0.09% in Emerson Electric Co. (NYSE:EMR). Lenox Wealth Advsr accumulated 3,871 shares. Cobblestone Advsr Limited Liability Com, New York-based fund reported 30,940 shares. North Carolina-based Captrust Advsr has invested 0.06% in Emerson Electric Co. (NYSE:EMR). Foyston Gordon Payne reported 0.74% of its portfolio in Emerson Electric Co. (NYSE:EMR). Amica Retiree Med Trust reported 3,759 shares stake. Peoples Fincl Svcs Corp has invested 0.98% in Emerson Electric Co. (NYSE:EMR). Peninsula Asset Mgmt Inc accumulated 34,017 shares. Moreover, Mcdaniel Terry Communication has 3.39% invested in Emerson Electric Co. (NYSE:EMR). 282,285 were reported by Parsec Fincl Management. Dixon Hubard Feinour & Brown Inc Va reported 109,907 shares or 2.07% of all its holdings. Tiaa Cref Investment Mgmt, New York-based fund reported 1.79M shares. Wheatland Advisors holds 0.72% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 12,700 shares. The Missouri-based Acropolis Investment Mgmt Ltd has invested 0.28% in Emerson Electric Co. (NYSE:EMR).

Since December 11, 2017, it had 0 insider buys, and 1 sale for $498,900 activity.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on May, 1 before the open. 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 24.72 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.

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 88 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, September 9 by Sterne Agee CRT. RBC Capital Markets maintained it with “Hold” rating and $6200 target in Monday, June 5 report. The firm has “Buy” rating by Stifel Nicolaus given on Friday, February 16. Barclays Capital maintained it with “Equal-Weight” rating and $54 target in Monday, April 18 report. On Monday, June 19 the stock rating was initiated by JMP Securities with “Mkt Outperform”. The rating was maintained by Cowen & Co with “Hold” on Tuesday, August 1. On Thursday, January 21 the stock rating was initiated by Citigroup with “Sell”. The firm has “Neutral” rating by Credit Suisse given on Friday, August 19. Cowen & Co maintained it with “Buy” rating and $78.0 target in Monday, January 22 report. Barclays Capital maintained Emerson Electric Co. (NYSE:EMR) rating on Monday, July 18. Barclays Capital has “Equalweight” rating and $55 target.

Smith Asset Management Group Lp, which manages about $2.91 billion and $3.18 billion US Long portfolio, upped its stake in Accenture Plc (NYSE:ACN) by 61,870 shares to 66,230 shares, valued at $10.14 million in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 508,022 shares in the quarter, for a total of 1.35M shares, and has risen its stake in Sp Plus Corp (NASDAQ:SP).

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.08, from 0.91 in 2017Q3. It turned negative, as 69 investors sold AET shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported. Affinity Inv Advsrs Ltd Co owns 83,687 shares for 1.71% of their portfolio. Montag A has invested 0.03% in Aetna Inc. (NYSE:AET). Maryland-based Brown Advisory has invested 0.25% in Aetna Inc. (NYSE:AET). Independent Order Of Foresters invested in 0.1% or 645 shares. Natl Asset Mgmt holds 0.09% or 3,494 shares in its portfolio. Grantham Mayo Van Otterloo Ltd Liability Corporation holds 318,700 shares. Credit Suisse Ag has 0.09% invested in Aetna Inc. (NYSE:AET). Beese Fulmer Investment Management has 0.05% invested in Aetna Inc. (NYSE:AET). 1,404 are held by Argent Com. Coastline owns 1,255 shares. Stone Ridge Asset Mngmt Ltd Llc invested 0.21% in Aetna Inc. (NYSE:AET). Quinn Opportunity Prtnrs Ltd Co invested 3.69% in Aetna Inc. (NYSE:AET). Vident Invest Advisory Limited Liability Corp has invested 0.18% in Aetna Inc. (NYSE:AET). World Asset Mgmt Inc accumulated 28,657 shares. Burt Wealth Advisors accumulated 25 shares or 0% of the stock.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on May, 1 before the open. They expect $3.00 EPS, up 10.70% or $0.29 from last year’s $2.71 per share. AET’s profit will be $981.41 million for 14.74 P/E if the $3.00 EPS becomes a reality. After $1.25 actual EPS reported by Aetna Inc. for the previous quarter, Wall Street now forecasts 140.00% EPS growth.

Hl Financial Services Llc, which manages about $5.17 billion US Long portfolio, upped its stake in Ameriprise Financial (NYSE:AMP) by 2,232 shares to 4,800 shares, valued at $813,000 in 2017Q4, according to the filing. It also increased its holding in Guggenheim Etf (RSP) by 3,921 shares in the quarter, for a total of 39,328 shares, and has risen its stake in First Trust Technlgy Etf (FXL).

Among 24 analysts covering Aetna (NYSE:AET), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Aetna had 73 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Monday, October 9. The stock of Aetna Inc. (NYSE:AET) earned “Buy” rating by Sterne Agee CRT on Tuesday, August 4. The firm has “Buy” rating given on Thursday, July 13 by Credit Suisse. The firm has “Buy” rating by Citigroup given on Thursday, November 2. Jefferies maintained the stock with “Hold” rating in Wednesday, November 1 report. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, June 7. Cowen & Co maintained Aetna Inc. (NYSE:AET) on Tuesday, January 30 with “Buy” rating. Deutsche Bank upgraded Aetna Inc. (NYSE:AET) rating on Monday, January 22. Deutsche Bank has “Buy” rating and $212.0 target. The rating was initiated by Evercore on Friday, September 23 with “Buy”. The rating was downgraded by Leerink Swann to “Mkt Perform” on Tuesday, January 24.

Emerson Electric Co. (NYSE:EMR) Institutional Positions Chart

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