Emerson Electric (+1, EMR US, November 15th)
William Easter (Director since 2020) purchased $246,000 worth of stock on November 8th at $84.79 in his first purchase since joining the board three years ago. We ranked this stock +N yesterday based on a combined $1 million of purchases from three directors, James McKelvey (Director since 2023; co-founder Block Inc.), Joshua Bolten (Director since 2012), and Arthur Golden (Director since 2020).
Golden is the only one in this cluster who has purchased shares in the past and has a good record. This is a solid cluster of buying and the first insider buying in the shares since Golden’s timely purchase in March 2020.
We are upgrading the stock further, from +N to +1.
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