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First Trust Advisors LP Sells 65,210 Shares of Emerson Electric Co. $EMR
First Trust Advisors LP has reduced its stake in Emerson Electric Co. by 11.9% in the third quarter, selling 65,210 shares and now owning 482,159 shares valued at $63.25 million. Other institutional investors have also adjusted their positions in Emerson Electric, which currently has a market capitalization of $78.87 billion and a P/E ratio of 34.31. The company recently announced a quarterly dividend and reported Q3 earnings that topped analyst estimates.