Emerson Elec Co Com (EMR) Shareholder Tocqueville Asset Management LP Has Trimmed Holding as Stock Declined; Autozone (AZO) Holding Lifted by Marshfield Associates

February 19, 2018 - By Marie Mckinney

Tocqueville Asset Management Lp decreased its stake in Emerson Elec Co Com (EMR) by 4.44% based on its latest 2017Q3 regulatory filing with the SEC. Tocqueville Asset Management Lp sold 18,433 shares as the company’s stock declined 4.02% while stock markets rallied. The institutional investor held 397,150 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $24.96M, down from 415,583 at the end of the previous reported quarter. Tocqueville Asset Management Lp who had been investing in Emerson Elec Co Com for a number of months, seems to be less bullish one the $46.34 billion market cap company. The stock increased 2.08% or $1.49 during the last trading session, reaching $72.99. About 4.78M shares traded or 33.13% up from the average. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since February 19, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Marshfield Associates increased its stake in Autozone Inc. (AZO) by 73.05% based on its latest 2017Q3 regulatory filing with the SEC. Marshfield Associates bought 54,749 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 129,692 shares of the consumer services company at the end of 2017Q3, valued at $77.18M, up from 74,943 at the end of the previous reported quarter. Marshfield Associates who had been investing in Autozone Inc. for a number of months, seems to be bullish on the $19.53 billion market cap company. The stock decreased 1.46% or $10.55 during the last trading session, reaching $714.05. About 360,652 shares traded. AutoZone, Inc. (NYSE:AZO) has declined 10.95% since February 19, 2017 and is downtrending. It has underperformed by 27.65% the S&P500.

Investors sentiment decreased to 0.86 in Q3 2017. 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. Pennsylvania Com invested in 0.25% or 83,722 shares. Fayerweather Charles holds 0.49% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 5,900 shares. Hyman Charles D stated it has 1.84% of its portfolio in Emerson Electric Co. (NYSE:EMR). The Illinois-based North Star Inv Mgmt has invested 0.08% in Emerson Electric Co. (NYSE:EMR). Greenleaf owns 9,134 shares. Moreover, Tctc Hldg Ltd Liability has 0.5% invested in Emerson Electric Co. (NYSE:EMR) for 129,179 shares. Leavell Inv Management Inc invested in 65,898 shares or 0.51% of the stock. Fisher Asset Mngmt Ltd Limited Liability Company invested 0% of its portfolio in Emerson Electric Co. (NYSE:EMR). Ls Llc holds 0.31% or 82,300 shares. Weaver C Barksdale owns 1.7% invested in Emerson Electric Co. (NYSE:EMR) for 24,208 shares. Prudential Fin has invested 0.32% in Emerson Electric Co. (NYSE:EMR). Maple Mngmt Inc invested in 5,575 shares or 0.09% of the stock. Parkside Fin Fincl Bank And Tru holds 0.15% or 6,080 shares. Lenox Wealth Advsr Incorporated holds 0% or 3 shares in its portfolio. 5,921 were reported by Motco.

Tocqueville Asset Management Lp, which manages about $12.62B and $8.69 billion US Long portfolio, upped its stake in Valeant Pharmaceuticals Int’l (NYSE:VRX) by 80,000 shares to 101,914 shares, valued at $1.46M in 2017Q3, according to the filing. It also increased its holding in Nvidia Corp. (NASDAQ:NVDA) by 4,760 shares in the quarter, for a total of 218,952 shares, and has risen its stake in Tesaro Inc (NASDAQ:TSRO).

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. The rating was upgraded by Cowen & Co to “Buy” on Monday, October 23. Citigroup maintained the shares of EMR in report on Monday, October 9 with “Sell” rating. Credit Suisse downgraded Emerson Electric Co. (NYSE:EMR) rating on Friday, August 19. Credit Suisse has “Neutral” rating and $57 target. The firm earned “Hold” rating on Tuesday, December 5 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, November 5 by Societe Generale. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, December 10. The firm earned “Hold” rating on Thursday, November 16 by Cowen & Co. The firm has “Neutral” rating by Sterne Agee CRT given on Wednesday, September 9. The stock of Emerson Electric Co. (NYSE:EMR) earned “Outperform” rating by Credit Suisse on Monday, March 14. The rating was upgraded by Argus Research on Wednesday, May 11 to “Buy”.

Since August 31, 2017, it had 0 buys, and 2 sales for $616,887 activity. Shares for $498,900 were sold by Button Bell Katherine.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.20, from 0.85 in 2017Q2. It increased, as 59 investors sold AZO shares while 150 reduced holdings. 74 funds opened positions while 145 raised stakes. 26.58 million shares or 0.11% less from 26.61 million shares in 2017Q2 were reported. Edgemoor Investment holds 0.03% of its portfolio in AutoZone, Inc. (NYSE:AZO) for 400 shares. Factory Mutual, Massachusetts-based fund reported 11,700 shares. Investec Asset Mgmt Limited has invested 0.03% in AutoZone, Inc. (NYSE:AZO). State Of New Jersey Common Pension Fund D has invested 0% in AutoZone, Inc. (NYSE:AZO). Clearbridge Lc holds 1.66% or 129,150 shares in its portfolio. Ls Investment Advisors Limited Liability Corporation holds 1,775 shares or 0.06% of its portfolio. Pub Sector Pension Investment Board stated it has 3,130 shares. Hennessy has 2,700 shares for 0.05% of their portfolio. Cypress Asset Management Tx, Texas-based fund reported 870 shares. Atria Lc, North Carolina-based fund reported 680 shares. Putnam Invs Ltd Liability Com owns 500 shares. The Illinois-based Guggenheim Cap has invested 0.08% in AutoZone, Inc. (NYSE:AZO). Trust Of Vermont has 0.03% invested in AutoZone, Inc. (NYSE:AZO). 66,536 were accumulated by Tyvor Ltd. Panagora Asset Mgmt Inc holds 0.01% in AutoZone, Inc. (NYSE:AZO) or 2,796 shares.

Since September 28, 2017, it had 0 insider purchases, and 6 selling transactions for $14.41 million activity. Graves William W sold 10,500 shares worth $7.82 million. MCKENNA WILLIAM ANDREW sold $1.75 million worth of AutoZone, Inc. (NYSE:AZO) on Thursday, September 28. 2,700 shares were sold by Smith Richard Craig, worth $2.05M. Griffith James C. sold $1.21 million worth of stock.

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