Bank Of New York Mellon Increased By $37.08 Million Its Emerson Electric Co (EMR) Position; Connectone Bancorp (CNOB) Sentiment Is 1.57

January 14, 2018 - By Marguerite Chambers

ConnectOne Bancorp, Inc. operates as the bank holding firm for ConnectOne Bank that provides various banking services and products. The company has market cap of $912.44 million. The firm offers a range of deposit products, including personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, and NOW accounts. It has a 30.03 P/E ratio. It also provides personal and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; and other personal purpose loans.

Bank Of New York Mellon Corp increased Emerson Electric Co (EMR) stake by 4.69% reported in 2017Q3 SEC filing. Bank Of New York Mellon Corp acquired 597,993 shares as Emerson Electric Co (EMR)’s stock declined 4.02%. The Bank Of New York Mellon Corp holds 13.36 million shares with $839.29 million value, up from 12.76M last quarter. Emerson Electric Co now has $47.20 billion valuation. The stock increased 0.04% or $0.03 during the last trading session, reaching $73.91. About 3.50 million shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since January 14, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Among 28 analysts covering Emerson Electric Co. (NYSE:EMR), 8 have Buy rating, 2 Sell and 18 Hold. Therefore 29% are positive. Emerson Electric Co. had 75 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, March 3 by HSBC. The firm has “Mkt Outperform” rating given on Monday, June 19 by JMP Securities. The firm has “Sell” rating by Goldman Sachs given on Thursday, September 3. Cowen & Co initiated the shares of EMR in report on Thursday, November 16 with “Hold” rating. Buckingham Research downgraded the shares of EMR in report on Friday, August 19 to “Underperform” rating. The rating was maintained by RBC Capital Markets on Wednesday, August 5 with “Sector Perform”. The stock of Emerson Electric Co. (NYSE:EMR) has “Buy” rating given on Wednesday, July 19 by Stifel Nicolaus. RBC Capital Markets maintained it with “Hold” rating and $6200 target in Monday, June 5 report. The company was initiated on Wednesday, September 9 by Sterne Agee CRT. The firm earned “Hold” rating on Tuesday, August 1 by Cowen & Co.

Bank Of New York Mellon Corp decreased Mercury Systems Inc (NASDAQ:MRCY) stake by 65,513 shares to 1.42 million valued at $73.73 million in 2017Q3. It also reduced Community Health Systems Inc (NYSE:CYH) stake by 45,410 shares and now owns 1.36M shares. Kirby Corp (NYSE:KEX) was reduced too.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.14, from 1 in 2017Q2. It dived, 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. Jump Trading Ltd Llc owns 3,184 shares. North Star Inv Mgmt Corp stated it has 9,550 shares or 0.08% of all its holdings. Adage Prns Ltd Llc has invested 0.66% in Emerson Electric Co. (NYSE:EMR). Brown Brothers Harriman And Co accumulated 40,157 shares. Andra Ap has 0.14% invested in Emerson Electric Co. (NYSE:EMR). Peddock Cap Limited Liability Corp has 4,669 shares for 0.15% of their portfolio. Peoples Fincl Ser holds 0.94% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 26,295 shares. Oppenheimer Asset Management holds 0.01% or 6,526 shares. Bb&T Secs Limited Liability Corp owns 0.28% invested in Emerson Electric Co. (NYSE:EMR) for 328,239 shares. Carret Asset Management Limited Company has 39,925 shares for 0.4% of their portfolio. Acg Wealth stated it has 5,260 shares or 0.06% of all its holdings. Pub Sector Pension Invest Board invested 0.02% of its portfolio in Emerson Electric Co. (NYSE:EMR). Ntv Asset Mgmt Limited Liability Company holds 7,830 shares. Greatmark Invest Prtnrs Incorporated reported 1.86% in Emerson Electric Co. (NYSE:EMR). Brick And Kyle Associate reported 0.39% of its portfolio in Emerson Electric Co. (NYSE:EMR).

Since August 31, 2017, it had 0 insider purchases, and 2 insider sales for $616,887 activity. The insider Sharp Robert T sold 2,000 shares worth $117,987. Button Bell Katherine sold $498,900 worth of stock.

Ratings analysis reveals 100% of ConnectOne Bancorp’s analysts are positive. Out of 2 Wall Street analysts rating ConnectOne Bancorp, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $26.0 while the high is $29.0. The stock’s average target of $27.50 is -3.51% below today’s ($28.5) share price. CNOB was included in 2 notes of analysts from November 17, 2016. As per Monday, December 19, the company rating was maintained by Maxim Group. The rating was maintained by FBR Capital with “Outperform” on Thursday, November 17.

Endeavour Capital Advisors Inc holds 7.42% of its portfolio in ConnectOne Bancorp, Inc. for 798,790 shares. Clover Partners L.P. owns 369,381 shares or 3.65% of their US portfolio. Moreover, Elizabeth Park Capital Advisors Ltd. has 2.55% invested in the company for 266,835 shares. The Virginia-based Ejf Capital Llc has invested 1.41% in the stock. Investment Counselors Of Maryland Llc, a Maryland-based fund reported 830,948 shares.

Analysts await ConnectOne Bancorp, Inc. (NASDAQ:CNOB) to report earnings on January, 25. They expect $0.40 EPS, 0.00% or $0.00 from last year’s $0.4 per share. CNOB’s profit will be $12.81 million for 17.81 P/E if the $0.40 EPS becomes a reality. After $0.46 actual EPS reported by ConnectOne Bancorp, Inc. for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

The stock decreased 0.35% or $0.1 during the last trading session, reaching $28.5. About 103,953 shares traded. ConnectOne Bancorp, Inc. (CNOB) has risen 37.35% since January 14, 2017 and is uptrending. It has outperformed by 20.65% the S&P500.

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