Legal & General Group Plc increased its stake in Emerson Electric Co. by 11.9% in the third quarter, now owning over 4 million shares valued at $528.7 million. This comes as other large institutional investors also either increased or reduced their holdings, with 74.30% of the stock owned by institutional investors. Despite recent insider selling by executives, analysts have a “Hold” rating on Emerson Electric, with a consensus price target of $164.85.
Legal & General Group Plc Buys 429,888 Shares of Emerson Electric Co. $EMR
Legal & General Group Plc increased its stake in Emerson Electric Co. by 11.9% in the third quarter, now owning over 4 million shares valued at $528.7 million. This comes as other large institutional investors also either increased or reduced their holdings, with 74.30% of the stock owned by institutional investors. Despite recent insider selling by executives, analysts have a “Hold” rating on Emerson Electric, with a consensus price target of $164.85.