Glenmede Trust Company Na Has Cut Emerson Electric Co (EMR) Stake By $5.64 Million; Blackrock Energy & Resources Trust (BGR) Sentiment Is 0.78

February 24, 2018 - By Peter Erickson

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. The company has market cap of $411.59 million. The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It currently has negative earnings. It invests in public equity markets across the globe, with an emphasis on the United States.

Glenmede Trust Company Na decreased Emerson Electric Co (EMR) stake by 21.22% reported in 2017Q3 SEC filing. Glenmede Trust Company Na sold 90,957 shares as Emerson Electric Co (EMR)’s stock declined 4.02%. The Glenmede Trust Company Na holds 337,714 shares with $21.22M value, down from 428,671 last quarter. Emerson Electric Co now has $45.83 billion valuation. The stock increased 0.14% or $0.1 during the last trading session, reaching $72.19. About 1.90 million shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since February 24, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Since August 31, 2017, it had 0 insider purchases, and 2 insider sales for $616,887 activity. On Thursday, August 31 the insider Sharp Robert T sold $117,987. Shares for $498,900 were sold by Button Bell Katherine.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on May, 1. They expect $0.71 EPS, up 22.41% or $0.13 from last year’s $0.58 per share. EMR’s profit will be $450.74 million for 25.42 P/E if the $0.71 EPS becomes a reality. After $0.58 actual EPS reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts 22.41% EPS growth.

Glenmede Trust Company Na increased Enbridge Energy Partners Lp (NYSE:EEP) stake by 44,280 shares to 95,868 valued at $1.53M in 2017Q3. It also upped Humana Inc Com (NYSE:HUM) stake by 174,155 shares and now owns 191,389 shares. Ishares Core Msci Emerging Markets (IEMG) was raised too.

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. Goldman Sachs upgraded the shares of EMR in report on Friday, January 27 to “Neutral” rating. Wells Fargo maintained the stock with “Hold” rating in Thursday, January 18 report. The firm earned “Buy” rating on Tuesday, November 7 by Cowen & Co. The stock of Emerson Electric Co. (NYSE:EMR) has “Hold” rating given on Tuesday, February 6 by Robert W. Baird. The rating was maintained by Oppenheimer on Tuesday, June 6 with “Hold”. Berenberg initiated Emerson Electric Co. (NYSE:EMR) rating on Monday, October 3. Berenberg has “Sell” rating and $41 target. RBC Capital Markets maintained the shares of EMR in report on Wednesday, April 12 with “Hold” rating. The rating was maintained by Barclays Capital on Monday, April 18 with “Equal-Weight”. The stock of Emerson Electric Co. (NYSE:EMR) has “Overweight” rating given on Friday, February 9 by JP Morgan. The company was maintained on Monday, October 2 by Morgan Stanley.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.14, from 1 in 2017Q2. It worsened, 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. Switzerland-based Gam Ag has invested 0.09% in Emerson Electric Co. (NYSE:EMR). Glob X Management Lc holds 32,802 shares. Ameritas Inv Prtnrs holds 0.08% or 28,963 shares in its portfolio. Liberty Mutual Grp Asset Management reported 26,727 shares. Moreover, Comerica Commercial Bank has 0.35% invested in Emerson Electric Co. (NYSE:EMR) for 722,299 shares. British Columbia Invest Corp owns 253,244 shares for 0.12% of their portfolio. 140,850 were reported by Swarthmore Group Incorporated. Group Inc stated it has 2% of its portfolio in Emerson Electric Co. (NYSE:EMR). Endurance Wealth invested 0.04% of its portfolio in Emerson Electric Co. (NYSE:EMR). California-based Hennessy Advsrs has invested 0.17% in Emerson Electric Co. (NYSE:EMR). 5,429 were reported by Cedar Hill Assocs Ltd Liability Co. Ronna Sue Cohen owns 21,849 shares or 1.05% of their US portfolio. Avalon Advsr Ltd Liability Company holds 0.56% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 280,716 shares. Cap Planning Advisors Limited Liability holds 0.1% in Emerson Electric Co. (NYSE:EMR) or 4,222 shares. First Financial In owns 1,426 shares for 0.06% of their portfolio.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $11,814 activity.

Altavista Wealth Management Inc. holds 0.83% of its portfolio in BlackRock Energy and Resources Trust for 127,124 shares. Northside Capital Management Llc owns 144,169 shares or 0.83% of their US portfolio. Moreover, Cornerstone Advisors Inc has 0.13% invested in the company for 79,021 shares. The Connecticut-based Conning Inc. has invested 0.08% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 92,198 shares.

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