Arrowstreet Capital Limited Partnership Has Lifted By $15.98 Million Its Emerson Elec Co (EMR) Position; Last Week Meridian Bancorp, Inc. (EBSB) Coverage

November 15, 2017 - By Michael Collier

Among 4 analysts covering Meridian Interstate Bancorp (NASDAQ:EBSB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Meridian Interstate Bancorp had 8 analyst reports since September 30, 2015 according to SRatingsIntel. The rating was downgraded by Compass Point to “Neutral” on Friday, November 18. As per Thursday, August 31, the company rating was maintained by Keefe Bruyette & Woods. Piper Jaffray maintained the shares of EBSB in report on Tuesday, July 25 with “Hold” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, October 3 report. The stock of Meridian Bancorp, Inc. (NASDAQ:EBSB) has “Market Perform” rating given on Wednesday, September 30 by Hovde Group. Compass Point upgraded it to “Buy” rating and $1900 target in Monday, June 26 report. Piper Jaffray maintained Meridian Bancorp, Inc. (NASDAQ:EBSB) rating on Tuesday, October 31. Piper Jaffray has “Hold” rating and $20.0 target. See Meridian Bancorp, Inc. (NASDAQ:EBSB) latest ratings:

31/10/2017 Broker: Piper Jaffray Rating: Hold New Target: $20.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $19.0 Maintain
31/08/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $19.0 Maintain
25/07/2017 Broker: Piper Jaffray Rating: Hold New Target: $19.0000 Maintain
26/06/2017 Broker: Compass Point Rating: Buy New Target: $19.0000 Upgrade

Arrowstreet Capital Limited Partnership increased Emerson Elec Co (EMR) stake by 4300% reported in 2017Q2 SEC filing. Arrowstreet Capital Limited Partnership acquired 270,900 shares as Emerson Elec Co (EMR)’s stock declined 4.02%. The Arrowstreet Capital Limited Partnership holds 277,200 shares with $16.53 million value, up from 6,300 last quarter. Emerson Elec Co now has $38.59 billion valuation. The stock declined 0.72% or $0.44 reaching $60.3 on the news. About 16,009 shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since November 15, 2016 and is uptrending. It has outperformed by 1.77% the S&P500.

Investors sentiment increased to 1 in Q2 2017. Its up 0.12, from 0.88 in 2017Q1. It improved, as 60 investors sold EMR shares while 407 reduced holdings. 86 funds opened positions while 383 raised stakes. 440.67 million shares or 1.25% more from 435.22 million shares in 2017Q1 were reported. Amalgamated Financial Bank holds 72,874 shares or 0.14% of its portfolio. Sun Life Financial owns 7,952 shares or 0.05% of their US portfolio. Meeder Asset Mgmt Inc has 0.02% invested in Emerson Electric Co. (NYSE:EMR) for 3,655 shares. Nichols And Pratt Advisers Llp Ma stated it has 3.05% of its portfolio in Emerson Electric Co. (NYSE:EMR). Amg Funds Ltd Liability Corp holds 1.03% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 31,534 shares. Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 128,297 shares. Bedrijfstakpensioenfonds Voor De Media Pno holds 0.26% or 36,371 shares in its portfolio. The California-based Whittier has invested 0.43% in Emerson Electric Co. (NYSE:EMR). Birch Hill Inv Advsrs Ltd Liability owns 34,398 shares. Tiedemann Wealth owns 8,577 shares. The California-based Rand Wealth Limited Co has invested 0.24% in Emerson Electric Co. (NYSE:EMR). Gsa Cap Prtn Ltd Liability Partnership holds 0.04% or 11,478 shares. Alliancebernstein LP holds 0.05% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 1.13M shares. 12,605 are held by Douglass Winthrop Lc. Capital Invest Counsel Inc owns 4,296 shares.

Among 26 analysts covering Emerson Electric Co. (NYSE:EMR), 8 have Buy rating, 2 Sell and 16 Hold. Therefore 31% are positive. Emerson Electric Co. had 66 analyst reports since August 6, 2015 according to SRatingsIntel. Barclays Capital maintained Emerson Electric Co. (NYSE:EMR) rating on Monday, April 18. Barclays Capital has “Equal-Weight” rating and $54 target. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 5. Citigroup maintained Emerson Electric Co. (NYSE:EMR) on Monday, October 9 with “Sell” rating. The stock of Emerson Electric Co. (NYSE:EMR) earned “Hold” rating by Cowen & Co on Thursday, June 22. Barclays Capital maintained Emerson Electric Co. (NYSE:EMR) rating on Monday, July 18. Barclays Capital has “Equalweight” rating and $55 target. The stock of Emerson Electric Co. (NYSE:EMR) earned “Mkt Outperform” rating by JMP Securities on Monday, June 19. As per Tuesday, December 13, the company rating was upgraded by Buckingham Research. The firm has “Hold” rating given on Wednesday, August 26 by Vertical Research. The firm earned “Buy” rating on Tuesday, October 17 by Cowen & Co. The stock of Emerson Electric Co. (NYSE:EMR) has “Hold” rating given on Wednesday, November 8 by Wells Fargo.

Arrowstreet Capital Limited Partnership decreased Axis Capital Holdings Ltd (NYSE:AXS) stake by 136,445 shares to 62,600 valued at $4.05 million in 2017Q2. It also reduced Eastman Kodak Co (NYSE:KODK) stake by 54,011 shares and now owns 119,730 shares. Hanover Ins Group Inc (NYSE:THG) was reduced too.

About shares traded. Meridian Bancorp, Inc. (NASDAQ:EBSB) has risen 12.94% since November 15, 2016 and is uptrending. It has underperformed by 3.76% the S&P500.

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