Western Digital (WDC) Shareholder Clear Harbor Asset Management Increased Stake; As Emerson Elec Co (EMR) Share Price Declined, Shareholder Summit Financial Wealth Advisors Has Boosted Holding

August 12, 2018 - By Matthew Richard

Western Digital Corporation (NASDAQ:WDC) Logo

Clear Harbor Asset Management Llc increased its stake in Western Digital Corp (WDC) by 18400.5% based on its latest 2018Q1 regulatory filing with the SEC. Clear Harbor Asset Management Llc bought 184,005 shares as the company’s stock declined 3.22% with the market. The institutional investor held 185,005 shares of the electronic components company at the end of 2018Q1, valued at $17.07 million, up from 1,000 at the end of the previous reported quarter. Clear Harbor Asset Management Llc who had been investing in Western Digital Corp for a number of months, seems to be bullish on the $19.39B market cap company. The stock decreased 2.00% or $1.32 during the last trading session, reaching $64.79. About 3.98M shares traded or 0.81% up from the average. Western Digital Corporation (NASDAQ:WDC) has declined 3.27% since August 12, 2017 and is downtrending. It has underperformed by 15.84% the S&P500. Some Historical WDC News: 09/04/2018 – Access, Edit and Share Massive 4K and 8K RAW Video From Multi Camera Shoots in Real Time with Fast and Reliable Western Digital; 26/04/2018 – Western Digital 3Q EPS 20c; 10/05/2018 – Western Digital to Participate at Investor Conference; 15/05/2018 – Western Digital Targets At Least 50% of Repurchases for Rest of Current Fiscal Quarter; 15/05/2018 – Western Digital’s Buybacks: Do They Mean NAND Is Doing Much Better Than Feared? — Barron’s Blog; 27/03/2018 – Western Digital Provides Cost-Effective, Hybrid-Cloud Backup and Recovery Solution with StorReduce Software for Enterprises

Summit Financial Wealth Advisors Llc increased its stake in Emerson Elec Co (EMR) by 20.9% based on its latest 2018Q1 regulatory filing with the SEC. Summit Financial Wealth Advisors Llc bought 8,861 shares as the company’s stock declined 1.41% with the market. The institutional investor held 51,260 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $3.50M, up from 42,399 at the end of the previous reported quarter. Summit Financial Wealth Advisors Llc who had been investing in Emerson Elec Co for a number of months, seems to be bullish on the $46.54 billion market cap company. The stock decreased 0.26% or $0.19 during the last trading session, reaching $73.86. About 3.10M shares traded or 16.82% up from the average. Emerson Electric Co. (NYSE:EMR) has risen 22.35% since August 12, 2017 and is uptrending. It has outperformed by 9.78% the S&P500. Some Historical EMR News: 29/05/2018 – EMERSON ELECTRIC CO – CREDIT FACILITY EXPIRES IN MAY 2023, REPLACES A SIMILAR $3.5 BLN FIVE-YEAR REVOLVING CREDIT FACILITY DATED APRIL 30, 2014; 01/05/2018 – Emerson Electric Raises FY18 View To EPS $3.10-EPS $3.20; 01/05/2018 – Emerson Electric Sees FY18 Underlying Sales Growth About 7%; 09/04/2018 – FB: Facebook told a federal judge Monday it reached a mid-trial settlement of a British company’s $365 million data center trade secrets suit, prompting co-defendant Emerson to ask for a mistrial on grounds Facebook’s Cambridge Analytica scandal would bias jurors against it; 05/03/2018 – EMERSON & TOTAL SIGN LONG-TERM GLOBAL PACT FOR PARADIGM EXPLORA; 01/05/2018 – Emerson Electric Had Seen FY18 EPS $3.05-$3.15; 18/04/2018 – Textron profit surges as corporate America buys more business jets; 30/05/2018 – MOODY’S DOWNGRADES EMR CFR TO B3 FROM B2; 22/03/2018 – Variety: `Person of Interest’ Star Michael Emerson Seeks Sale of Spanish Villa; 24/04/2018 – Emerson Survey: Over Half of U.S. Homeowners Unaware Garbage Disposals Can Help Reduce Landfill Waste

Clear Harbor Asset Management Llc, which manages about $493.82 million and $511.82 million US Long portfolio, decreased its stake in V F Corp (NYSE:VFC) by 18,995 shares to 3,185 shares, valued at $236,000 in 2018Q1, according to the filing. It also reduced its holding in Goodyear Tire & Rubr Co (NASDAQ:GT) by 40,192 shares in the quarter, leaving it with 69,802 shares, and cut its stake in Hca Healthcare Inc (NYSE:HCA).

More important recent Western Digital Corporation (NASDAQ:WDC) news were published by: Nasdaq.com which released: “Western Digital (WDC) Q4 Earnings Top Expectations” on July 27, 2018, also Benzinga.com published article titled: “Morgan Stanley Prefers Lam Research Over Applied Materials, Says Semi Equipment Stocks Are Headed For …”, Nasdaq.com published: “Can Western Digital (WDC) Keep Earnings Streak Alive in Q4?” on July 24, 2018. More interesting news about Western Digital Corporation (NASDAQ:WDC) was released by: Fool.com and their article: “Should Western Digital’s Plant Closure Worry Seagate Technology Investors?” with publication date: August 06, 2018.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.09, from 1.07 in 2017Q4. It turned negative, as 55 investors sold WDC shares while 244 reduced holdings. 93 funds opened positions while 201 raised stakes. 242.29 million shares or 0.38% less from 243.21 million shares in 2017Q4 were reported. Moreover, Da Davidson & has 0.07% invested in Western Digital Corporation (NASDAQ:WDC) for 37,045 shares. Hudson Bay Capital Management LP invested in 0.02% or 10,300 shares. Herald Inv Mngmt owns 8,440 shares. Alliancebernstein Ltd Partnership invested in 0.03% or 502,686 shares. Northern Tru Corporation holds 0.08% or 3.37M shares in its portfolio. Lumina Fund Ltd reported 10,000 shares or 0.08% of all its holdings. Moreover, Lenox Wealth Management has 0.28% invested in Western Digital Corporation (NASDAQ:WDC) for 9,225 shares. Mufg Americas Holding Corp accumulated 0% or 841 shares. Benjamin F Edwards & holds 0% or 411 shares. Everence Mngmt holds 0.09% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 4,475 shares. Kentucky Retirement reported 15,529 shares. Kynikos Assoc Limited Partnership owns 35,780 shares. Shaker Invs Oh owns 6,300 shares or 0.36% of their US portfolio. Yorktown Mgmt Rech accumulated 10,000 shares. Amalgamated National Bank & Trust invested in 37,800 shares or 0.09% of the stock.

Since February 16, 2018, it had 0 insider buys, and 15 sales for $21.87 million activity. 1,208 shares were sold by RAY MICHAEL CHARLES, worth $106,944. $556,051 worth of stock was sold by DENERO HENRY T on Tuesday, June 5. MILLIGAN STEPHEN D also sold $2.19 million worth of Western Digital Corporation (NASDAQ:WDC) shares. $942,109 worth of Western Digital Corporation (NASDAQ:WDC) shares were sold by Sivaram Srinivasan. $288,193 worth of Western Digital Corporation (NASDAQ:WDC) was sold by Price Paula A. $991,202 worth of Western Digital Corporation (NASDAQ:WDC) was sold by LAMBERT MICHAEL D on Wednesday, May 16.

Among 39 analysts covering Western Digital (NASDAQ:WDC), 29 have Buy rating, 1 Sell and 9 Hold. Therefore 74% are positive. Western Digital had 181 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, October 27 by Maxim Group. The firm has “Neutral” rating given on Friday, October 27 by UBS. The stock has “Buy” rating by RBC Capital Markets on Tuesday, September 5. The stock of Western Digital Corporation (NASDAQ:WDC) has “Neutral” rating given on Monday, June 6 by Goldman Sachs. The rating was maintained by RBC Capital Markets on Thursday, July 30 with “Outperform”. The stock has “Buy” rating by Mizuho on Thursday, October 27. The firm has “Buy” rating by Citigroup given on Thursday, March 24. The rating was maintained by Evercore with “Buy” on Tuesday, May 15. The firm has “Buy” rating given on Wednesday, January 27 by Citigroup. The firm earned “Equal-Weight” rating on Friday, May 27 by Morgan Stanley.

Summit Financial Wealth Advisors Llc, which manages about $360.13M and $304.24M US Long portfolio, decreased its stake in Powershares Etf Tr Ii (SPHD) by 21,500 shares to 10,535 shares, valued at $415,000 in 2018Q1, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 9,214 shares in the quarter, leaving it with 73,726 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

Among 29 analysts covering Emerson Electric Co. (NYSE:EMR), 13 have Buy rating, 1 Sell and 15 Hold. Therefore 45% are positive. Emerson Electric Co. had 94 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Emerson Electric Co. (NYSE:EMR) earned “Equal Weight” rating by Barclays Capital on Wednesday, August 5. The firm has “Hold” rating by Berenberg given on Tuesday, April 24. The stock has “Equalweight” rating by Barclays Capital on Monday, July 18. On Sunday, December 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Hold” rating by HSBC given on Friday, March 3. RBC Capital Markets maintained it with “Sector Perform” rating and $50 target in Wednesday, August 5 report. The stock of Emerson Electric Co. (NYSE:EMR) has “Mkt Outperform” rating given on Monday, June 19 by JMP Securities. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, April 12. Robert W. Baird maintained it with “Hold” rating and $76.0 target in Tuesday, February 6 report. Cowen & Co maintained the stock with “Buy” rating in Monday, January 22 report.

Investors sentiment decreased to 0.71 in 2018 Q1. Its down 0.24, from 0.95 in 2017Q4. It is negative, as 41 investors sold EMR shares while 512 reduced holdings. 122 funds opened positions while 268 raised stakes. 427.58 million shares or 0.50% less from 429.74 million shares in 2017Q4 were reported. Plancorp Limited Liability Com has 286,349 shares for 6.25% of their portfolio. Neville Rodie And Shaw holds 0.87% of its portfolio in Emerson Electric Co. (NYSE:EMR) for 115,125 shares. Moreover, Invest Management Of Virginia Limited Liability Corporation has 0.41% invested in Emerson Electric Co. (NYSE:EMR) for 26,012 shares. 5,468 were accumulated by Cedar Hill Assocs Ltd Liability Com. Wheatland Advsrs owns 0.72% invested in Emerson Electric Co. (NYSE:EMR) for 12,700 shares. Cobblestone Cap Advsrs owns 0.2% invested in Emerson Electric Co. (NYSE:EMR) for 28,428 shares. Usca Ria Ltd Liability Corp has invested 0.64% in Emerson Electric Co. (NYSE:EMR). Cetera Advsrs Ltd Llc reported 13,087 shares. Peapack Gladstone Finance invested in 39,289 shares. Old Second Fincl Bank Of Aurora holds 700 shares. Haverford reported 43,271 shares or 0.06% of all its holdings. Palisade Asset Management Limited Liability Com has invested 0.34% in Emerson Electric Co. (NYSE:EMR). Baldwin Brothers Incorporated Ma owns 22,025 shares or 0.24% of their US portfolio. Grandfield And Dodd Lc owns 16,243 shares. Dorsey And Whitney Trust Com Lc stated it has 0.58% in Emerson Electric Co. (NYSE:EMR).

Since June 18, 2018, it had 0 insider purchases, and 1 sale for $1.73 million activity.

Emerson Electric Co. (NYSE:EMR) Institutional Positions Chart

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