Emerson Electric Co. (EMR) Forms $70.21 Double Top; Southpoint Capital Advisors LP Cut Fedex (FDX) Holding

Southpoint Capital Advisors Lp decreased Fedex Corp (FDX) stake by 50% reported in 2017Q3 SEC filing. Southpoint Capital Advisors Lp sold 350,000 shares as Fedex Corp (FDX)’s stock declined 2.24%. The Southpoint Capital Advisors Lp holds 350,000 shares with $78.95M value, down from 700,000 last quarter. Fedex Corp now has $64.42B valuation. The stock decreased 0.50% or $1.21 during the last trading session, reaching $240.47. About 1.84M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since March 9, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Emerson Electric Co. (EMR) formed double top with $76.53 target or 9.00% above today’s $70.21 share price. Emerson Electric Co. (EMR) has $44.57 billion valuation. The stock increased 0.89% or $0.62 during the last trading session, reaching $70.21. About 3.19 million shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since March 9, 2017 and is uptrending. It has outperformed by 1.77% the S&P500.

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.09, from 0.86 in 2017Q2. It is positive, as 44 investors sold Emerson Electric Co. 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. Parametrica Limited holds 0.1% or 3,591 shares in its portfolio. State Bank Of Nova Scotia has invested 0.05% in Emerson Electric Co. (NYSE:EMR). Vaughan David Invests Inc Il reported 530,532 shares. Hennessy Advisors accumulated 0.17% or 86,200 shares. Tctc Limited Com, Texas-based fund reported 129,179 shares. First Allied Advisory Service reported 0.26% stake. Value Advisers Lc invested in 1.71% or 902,968 shares. Capital Advisers Ltd Co accumulated 0.09% or 174,757 shares. 16,000 are held by Opus Invest Mngmt Incorporated. Farmers Trust Communication accumulated 0.12% or 5,707 shares. Tokio Marine Asset Management Com Ltd reported 0.05% stake. Perritt Mngmt Inc has 0.05% invested in Emerson Electric Co. (NYSE:EMR). Independent owns 51,000 shares. Wasatch Inc owns 18,023 shares for 0.02% of their portfolio. Hollencrest Ltd Liability Com has invested 0.09% in Emerson Electric Co. (NYSE:EMR).

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. Buckingham Research upgraded the stock to “Neutral” rating in Tuesday, December 13 report. The firm has “Buy” rating given on Wednesday, May 11 by Argus Research. The rating was initiated by HSBC with “Reduce” on Friday, October 7. The company was upgraded on Tuesday, November 28 by Cowen & Co. The stock of Emerson Electric Co. (NYSE:EMR) has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The rating was maintained by Oppenheimer with “Hold” on Tuesday, August 1. Barclays Capital maintained the stock with “Equalweight” rating in Monday, July 18 report. The firm has “Hold” rating by RBC Capital Markets given on Thursday, September 28. The rating was maintained by Citigroup with “Sell” on Tuesday, April 19. The rating was maintained by Cowen & Co on Wednesday, August 5 with “Market Perform”.

Since December 11, 2017, it had 0 insider purchases, and 1 insider sale for $498,900 activity. $498,900 worth of Emerson Electric Co. (NYSE:EMR) was sold by Button Bell Katherine on Monday, December 11.

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 24.72 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.

Among 37 analysts covering FedEx (NYSE:FDX), 25 have Buy rating, 1 Sell and 11 Hold. Therefore 68% are positive. FedEx had 108 analyst reports since August 14, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, December 20 report. The firm earned “Positive” rating on Thursday, March 30 by Susquehanna. The firm earned “Conviction-Buy” rating on Thursday, September 17 by Goldman Sachs. The rating was upgraded by Bernstein to “Outperform” on Friday, February 23. Stifel Nicolaus maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, September 20. Stifel Nicolaus has “Hold” rating and $221.0 target. The stock has “Buy” rating by Oppenheimer on Wednesday, June 21. As per Tuesday, October 10, the company rating was initiated by KeyBanc Capital Markets. The rating was maintained by Citigroup on Thursday, March 17 with “Buy”. As per Monday, December 18, the company rating was maintained by Cowen & Co. The stock has “Buy” rating by BMO Capital Markets on Tuesday, December 19.

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on March, 20. They expect $3.04 EPS, up 29.36% or $0.69 from last year’s $2.35 per share. FDX’s profit will be $814.39 million for 19.78 P/E if the $3.04 EPS becomes a reality. After $3.18 actual EPS reported by FedEx Corporation for the previous quarter, Wall Street now forecasts -4.40% negative EPS growth.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.14, from 1.07 in 2017Q2. It increased, as 49 investors sold FDX shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. Aviva Public Limited Company holds 213,937 shares or 0.26% of its portfolio. Orrstown Fin Services Incorporated has 400 shares. Lombard Odier Asset Mngmt (Europe) Limited has 3,110 shares for 0.04% of their portfolio. Trustmark Commercial Bank Trust Department holds 0.02% or 916 shares. Moreover, Seminole Management has 0.79% invested in FedEx Corporation (NYSE:FDX) for 16,400 shares. Mengis Capital Management holds 0.48% or 3,175 shares in its portfolio. Berkshire Asset Mgmt Ltd Liability Corp Pa holds 0.08% or 3,355 shares in its portfolio. Chicago Equity Lc reported 0.02% of its portfolio in FedEx Corporation (NYSE:FDX). Nationwide Fund holds 69,465 shares. 633 are owned by Carroll Financial Associate. Jefferies Gru Lc reported 0% in FedEx Corporation (NYSE:FDX). E&G Advsrs Limited Partnership has 0.23% invested in FedEx Corporation (NYSE:FDX) for 2,300 shares. Churchill has 0.06% invested in FedEx Corporation (NYSE:FDX). Dupont Mngmt Corporation holds 6,314 shares. Adirondack Tru stated it has 647 shares or 0.11% of all its holdings.

Southpoint Capital Advisors Lp increased Cars Com Inc stake by 2.27M shares to 5.00M valued at $133.05 million in 2017Q3. It also upped Sanofi (NYSE:SNY) stake by 800,000 shares and now owns 2.00M shares. Etsy Inc was raised too.