Emerson Electric Co. $EMR Shares Sold by DNB Asset Management AS

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DNB Asset Management AS reduced its stake in Emerson Electric Co. (NYSE:EMR) by 7.0% in Q3, selling 64,577 shares, though other institutional investors like JPMorgan Chase & Co. and Norges Bank significantly increased their holdings. Analyst ratings for Emerson Electric are generally “Hold” with an average target price of $164.90, and the company recently announced a quarterly dividend of $0.555 per share. The company’s stock has been trading up, and it beat Q1 earnings estimates with $1.46 EPS against an estimated $1.41, posting a 4.1% revenue increase year-over-year.

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