Fannie Mae, Freddie Mac shares tumble after conservatorship comments
ST. LOUIS—Matthew S. Levatich, a director at Emerson Electric Co. (NYSE:EMR), a $70.5 billion market cap electrical equipment giant with impressive 52.4% gross profit margins, recently sold a portion of his holdings in the company. According to InvestingPro analysis, the stock is currently trading above its Fair Value. According to a filing with the Securities and Exchange Commission, Levatich sold 1,867 shares of common stock on February 12, 2025. The shares were sold at a weighted average price of $125.052, yielding a total transaction value of $233,472.
The sale price per share ranged from $125.035 to $125.06, as noted in the filing. Following this transaction, Levatich retains ownership of 24,574 shares in Emerson Electric.
In other recent news, Emerson Electric has confirmed its final offer of $265 per share to acquire Aspen Technology (NASDAQ:AZPN), a deal valuing the software company’s remaining stake at $7.2 billion. This comes after opposition from Elliott Management, who recently invested over $1.5 billion in Aspen. UBS analysts have noted that the situation depends on Emerson’s willingness to risk the tender’s failure. The all-cash tender offer is set to expire on March 10, given that the minimum required number of shares are tendered.
Meanwhile, Emerson shareholders have rejected proposals to amend the company’s Restated Articles of Incorporation at the 2025 Annual Meeting. These proposals aimed to declassify the Board of Directors and reduce supermajority voting requirements. The lack of sufficient shareholder support indicates resistance against these broader governance changes.
In other developments, KeyBanc Capital Markets analysts maintain an Overweight rating for Emerson, citing portfolio transformation actions that could align the company more closely with its larger peers. This positive outlook is part of KeyBanc’s "Barbell" approach for 2025, balancing investments between companies expected to benefit from cyclical inflections and those with strong growth drivers.
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