Emerson Electric Co. (EMR) has been fluctuating in the market, as indicated by its recent stock performance. While the company's fundamentals appear weak, it still draws attention from investors, with numerous institutional stakeholders either increasing or reducing their positions in the company. Scotia Capital Inc., Resona Asset Management Co. Ltd., and Massachusetts Financial Services Co. MA, among others, increased their stakes in EMR. Meanwhile, institutions like Renaissance Technologies LLC, Prudential PLC, Legal & General Group Plc, and Wells Fargo & Company MN sold Emerson Electric shares. The market sentiment is mixed, with several entities such as Franklin Resources Inc., Polymer Capital Management US LLC, and StoneX Group Inc. making modifications to their holdings. EMR's performance is deemed as trailing the overall market, even though the stock has shown an uptrend post Q4 earnings. The company has attracted attention for failing to meet Q4 sales targets, coupled with a drop in shares by 13% in a week and a resignation from the board. However, the company's shares hit a new 12-month low and attracted Wall Street's bullish views. The future of Emerson Electric is up for speculation, with some industry stakeholders predicting a rise, and others recommending a hold post Q4 earnings.
Emerson Electric EMR News Analytics from Wed, 02 Oct 2024 07:00:00 GMT to Sat, 12 Apr 2025 11:44:13 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor -5
