5 Stocks That Will Benefit from Record Breaking Temperatures

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1. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Holders: 45

Emerson Electric Co. (NYSE:EMR) operates as a technology and engineering company and provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company offers a range of smart products and solutions for the HVAC industry which include heating controls, thermostats, and air conditioning controls, among others.

On July 13, Deutsche Bank analyst Nicole DeBlase lowered her price target on Emerson Electric Co. (NYSE:EMR) to $97 from $110 and reiterated a Buy rating on the shares.

As of March 31, Millennium Management owns more than 2.1 million shares of Emerson Electric Co. (NYSE:EMR) and is the largest shareholder in the company. The fund’s stakes are valued at $207.50 million.

At the end of Q1 2022, 45 hedge funds held stakes in Emerson Electric Co. (NYSE:EMR) worth $1.47 billion. This is compared to 43 positions in the previous quarter with stakes worth $1.47 billion.

You can also take a look at 10 Best Climate Change Stocks to Buy Now and 20 Best Countries To Live Considering Climate Change.

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