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Emerson Electric reported strong earnings, despite shifts in institutional ownership.
Emerson Electric Co. saw changes in institutional ownership as Sit Investment Associates sold shares, reducing their holdings to 97,299 shares, while Massachusetts Financial Services increased its stake by 213.5%, owning 0.11% of the company.
Emerson reported strong earnings of $1.38 per share, beating forecasts.
The stock has a "Moderate Buy" rating with a target price of $135.94 and is valued at $53.27 billion.
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Emerson Electric reportó fuertes ganancias, a pesar de cambios en la propiedad institucional.