Ferguson Wellman Capital Management Inc. Decreases Stake in Emerson Electric Co. (NYSE:EMR)

Market Beat
2024.10.19 16:21
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Ferguson Wellman Capital Management Inc. reduced its stake in Emerson Electric Co. (NYSE:EMR) by 8.5% in Q3, now holding 304,308 shares valued at approximately $28,282,000. Other hedge funds have also adjusted their positions, with significant increases from Banque Cantonale Vaudoise and Wedmont Private Capital. Emerson Electric's recent earnings report showed an EPS of $0.43, exceeding estimates, and the company declared a quarterly dividend of $0.525. Analysts have varied ratings on the stock, with price targets being adjusted recently.