Emerson Electric Co. (NYSE:EMR), saw a high level insider increase his position greatly with the company through multiple transactions that began yesterday, and were officially filed today, August 14th. President and Chief Operating Officer Edward L. Monser acquired 28,052 shares at an average price of $31.6275 per share. Following this move, Monser now has a total of 266,602 shares directly invested with the corporation, while having 10,172.842 shares indirectly involved. A $43.93 billion market cap goliath, Emerson Electric Co. (NYSE:EMR) is a diversified global technology company that is engaged in designing and supplying products and technology, and delivering engineering services and solutions in a range of industrial, commercial and consumer markets globally.
While there are multiple outside investors, the largest hedge fund involvement comes from Phill Gross And Robert Atchinson‘s Adage Capital Management. The fund reported a 1847% increase in its activity last quarter, and now holds 1,192,011 shares worth about $79.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.