Bruce J. Richards decreased its stake in Emerson Electric Co (NYSE:EMR) by 27.89% based on its latest Q3 2015 regulatory filing with the SEC. Marathon Asset Management Llp sold 452,873 shares as the company’s stock declined 20.34% with the market. The hedge fund run by Bruce J. Richards held 1.17M shares of the consumer electronics and appliances company at the end of Q3, valued at $51.71 million, down from 1.62 million at the end of the previous reported quarter. Marathon Asset Management Llp who had been investing in Emerson Electric Co since many months, could be less bullish the $29.77 billion market cap company. The stock decreased 3.17% or $1.49 on December 11, hitting $45.48. Emerson Electric Co. (NYSE:EMR) has declined 23.31% since May 11, 2015 and is downtrending. It has underperformed by 18.89% the S&P500.
Marathon Asset Management Llp, which manages about $50.94B and $4.14B US Long portfolio, upped its stake in Rayonier Inc (NYSE:RYN) by 1.32M shares to 1.67M shares, valued at $36.77M in Q3, according to the filing.
Louis Hanover and Bruce j. Richards in 1998 founded the Marathon Asset Management firm in New York. The firm’s main focus is on the credit markets globally and has other offices in Singapore and London. Marathon Asset Management Llp is a United Kingdom-based hedge fund that was founded by Bruce J. Richards And Louis Hanover. It had more than $50.94 billion assets under management in July, 2014. This fund invests only a small percentage of its assets in equities and options. Marathon Asset Management Llp is the 92th largest hedge fund in our database. Taken from Marathon Asset Management latest Adv, the fund reported to have 80 full and part-time employees. Among which 11 performing investment advisory and research functions. The hedge fund had between 26-100 clients.
The institutional sentiment decreased to 0.81 in Q3 2015. Its down 0.11, from 0.92 in 2015Q2. The ratio fall, as 111 funds sold all EMR shares owned while 489 reduced positions. 63 funds bought stakes while 420 increased positions. They now own 467.25 million shares or 2.15% more from 457.40 million shares in 2015Q2.
John G Ullman & Associates Inc holds 3.65% of its portfolio in EMR for 349,948 shares. Longview Partners (Guernsey) Ltd owns 11.51 million shares or 3.59% of their US portfolio. Moreover, Bush Odonnell Investment Advisors Inc has 3.52% invested in the company for 112,783 shares. The New York-based International Value Advisers Llc has invested 3.17% in the stock. Keystone Financial Planning Inc., a Ohio-based fund reported 88,656 shares.
Out of 22 analysts covering Emerson Electric Co. (NYSE:EMR), 4 rate it “Buy”, 3 “Sell”, while 18 “Hold”. This means 16% are positive. $60 is the highest target while $42 is the lowest. The $50.73 average target is 13.68% above today’s ($45.48) stock price. Emerson Electric Co. was the topic in 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Societe Generale downgraded the stock on November 5 to “Hold” rating.
Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for clients in industrial, commercial, and consumer markets around the world. The company has a market cap of $29.77 billion. The firm operates through five business divisions: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. It has 11.35 P/E ratio. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes.
