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Emerson Electric Co. (EMR) Reaches $67.65 52-Week High; Jennison Associates Has Lowered Varonis Sys (VRNS) Stake

Jennison Associates Llc decreased Varonis Sys Inc (VRNS) stake by 5.28% reported in 2017Q2 SEC filing. Jennison Associates Llc sold 104,139 shares as Varonis Sys Inc (VRNS)’s stock rose 28.62%. The Jennison Associates Llc holds 1.87M shares with $69.47 million value, down from 1.97M last quarter. Varonis Sys Inc now has $1.34 billion valuation. The stock increased 0.05% or $0.03 during the last trading session, reaching $48.28. About 10,976 shares traded. Varonis Systems, Inc. (NASDAQ:VRNS) has risen 60.85% since December 14, 2016 and is uptrending. It has outperformed by 44.15% the S&P500.

The stock of Emerson Electric Co. (NYSE:EMR) hit a new 52-week high and has $73.74 target or 9.00% above today’s $67.65 share price. The 9 months bullish chart indicates low risk for the $43.42B company. The 1-year high was reported on Dec, 14 by Barchart.com. If the $73.74 price target is reached, the company will be worth $3.91B more. The stock increased 0.67% or $0.45 during the last trading session, reaching $67.65. About 172,116 shares traded. Emerson Electric Co. (NYSE:EMR) has risen 18.47% since December 14, 2016 and is uptrending. It has outperformed by 1.77% the S&P500.

Since August 31, 2017, it had 0 buys, and 1 sale for $117,987 activity. 2,000 shares were sold by Sharp Robert T, worth $117,987 on Thursday, August 31.

Analysts await Emerson Electric Co. (NYSE:EMR) to report earnings on February, 6. They expect $0.53 earnings per share, up 8.16% or $0.04 from last year’s $0.49 per share. EMR’s profit will be $340.16M for 31.91 P/E if the $0.53 EPS becomes a reality. After $0.83 actual earnings per share reported by Emerson Electric Co. for the previous quarter, Wall Street now forecasts -36.14% negative EPS growth.

Emerson Electric Co. designs and manufactures products, and delivers services to industrial, commercial, and consumer markets worldwide. The company has market cap of $43.42 billion. The companyÂ’s Process Management segment offers systems and software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; and digital plant architecture solutions. It has a 28.84 P/E ratio. It also provides consulting services for precision measurement, control, monitoring, asset optimization, and safety and reliability of gas and oil reservoirs and plants.

Investors sentiment decreased to 0.86 in 2017 Q2. Its down 0.14, from 1 in 2017Q1. It is negative, as 60 investors sold Emerson Electric Co. 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. Bell Natl Bank invested 0.84% in Emerson Electric Co. (NYSE:EMR). Stratos Wealth Prtn owns 0.07% invested in Emerson Electric Co. (NYSE:EMR) for 23,984 shares. Architects Inc accumulated 0.02% or 1,934 shares. Kornitzer Cap Ks invested 0.13% of its portfolio in Emerson Electric Co. (NYSE:EMR). 711,642 were reported by Keybank Association Oh. Nelson Roberts Invest Advsr Lc, California-based fund reported 435 shares. 5,297 are held by Pinnacle Advisory. West Oak Cap Ltd Llc holds 0% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 27,886 shares. Hsbc Pcl accumulated 1.19M shares. 132,572 are held by Connors Investor Services. Fire Grp Inc Inc holds 0.27% in Emerson Electric Co. (NYSE:EMR) or 12,600 shares. The Ontario – Canada-based National Bank & Trust Of Nova Scotia has invested 0.08% in Emerson Electric Co. (NYSE:EMR). Arizona State Retirement reported 210,233 shares. Aperio Grp Limited Company invested in 378,478 shares. Weatherly Asset L P stated it has 0.09% in Emerson Electric Co. (NYSE:EMR).

Among 28 analysts covering Emerson Electric Co. (NYSE:EMR), 8 have Buy rating, 2 Sell and 18 Hold. Therefore 29% are positive. Emerson Electric Co. has $79.0 highest and $41 lowest target. $60.45’s average target is -10.64% below currents $67.65 stock price. Emerson Electric Co. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating by Wells Fargo given on Wednesday, November 8. Argus Research upgraded the shares of EMR in report on Wednesday, May 11 to “Buy” rating. The rating was upgraded by Goldman Sachs on Friday, January 27 to “Neutral”. Stifel Nicolaus maintained the shares of EMR in report on Wednesday, July 19 with “Buy” rating. The rating was maintained by JMP Securities on Thursday, September 14 with “Buy”. The company was maintained on Wednesday, August 5 by Barclays Capital. UBS downgraded Emerson Electric Co. (NYSE:EMR) rating on Wednesday, October 12. UBS has “Sell” rating and $44 target. The rating was maintained by Barclays Capital with “Equalweight” on Monday, July 18. The firm has “Hold” rating given on Tuesday, June 6 by Oppenheimer. The firm earned “Hold” rating on Wednesday, August 5 by Canaccord Genuity.

Among 12 analysts covering Varonis Systems (NASDAQ:VRNS), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Varonis Systems had 38 analyst reports since August 7, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Varonis Systems, Inc. (NASDAQ:VRNS) rating on Sunday, September 10. Stifel Nicolaus has “Buy” rating and $44.0 target. The firm earned “Overweight” rating on Thursday, April 28 by Stephens. The firm has “Equal-Weight” rating given on Wednesday, June 21 by Morgan Stanley. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) has “Buy” rating given on Friday, October 6 by Jefferies. As per Wednesday, August 10, the company rating was maintained by JMP Securities. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 14 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, December 7. The rating was maintained by RBC Capital Markets on Wednesday, October 18 with “Buy”. The stock of Varonis Systems, Inc. (NASDAQ:VRNS) earned “Buy” rating by Needham on Wednesday, August 10. The firm has “Buy” rating by Jefferies given on Thursday, October 19.

Analysts await Varonis Systems, Inc. (NASDAQ:VRNS) to report earnings on February, 14. They expect $0.14 EPS, up 16.67% or $0.02 from last year’s $0.12 per share. VRNS’s profit will be $3.90 million for 86.21 P/E if the $0.14 EPS becomes a reality. After $-0.12 actual EPS reported by Varonis Systems, Inc. for the previous quarter, Wall Street now forecasts -216.67% EPS growth.

Jennison Associates Llc increased Citigroup Inc (NYSE:C) stake by 428,809 shares to 2.22 million valued at $148.77M in 2017Q2. It also upped Terex Corp New (NYSE:TEX) stake by 591,334 shares and now owns 1.07 million shares. Coach Inc (NYSE:COH) was raised too.

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