State Street Corp Boosts Stake in Emerson Electric
1 report, 1 independent
Updated Sep 22
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What happened
State Street Corp increased its stake in Emerson Electric by 1.5% during the second quarter, purchasing an additional 403,957 shares. The firm now owns 27,678,497 shares, valued at $3,962,177,000. Other institutional investors also modified their positions, including Anchor Investment Management LLC and Sequoia Financial Advisors LLC.
From tickerreport.com
Why it matters
The increase in holdings by State Street Corp and other institutional investors suggests continued interest in Emerson Electric. This institutional investment activity is reported through filings with the SEC.
From tickerreport.com
Who's involved
- Emerson ElectricIndustrial products company whose stock was purchased
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The entities involved
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Emerson Electric
American multinational corporation