BlackRock Updates Emerson Electric Stake in SC 13G/A Filing
Ticker: EMR · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 32604
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Emerson Electric Co. stake, keep an eye on institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Common Stock in Emerson Electric Co. as of December 31, 2023. This filing, Amendment No. 11, updates BlackRock's previously reported stake in Emerson Electric Co. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Emerson Electric Co., providing transparency on a significant institutional investor's holdings and potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present significant risk.
Analyst Insight
Investors should note BlackRock's continued involvement with Emerson Electric Co. and consider researching BlackRock's overall investment strategy and any recent news regarding Emerson Electric Co. to understand the implications of this updated stake.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Emerson Electric Co. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are being reported in this filing?
The securities of Emerson Electric Co. are being reported, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMERSON ELECTRIC CO' and 'EMERSON ELECTRIC CO (Name of Issuer)'.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Common Stock of Emerson Electric Co. is 291011104, as listed under '(CUSIP Number)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding EMERSON ELECTRIC CO (EMR).