Investing Club: We're adding to our position in this industrial, while raising our rating on the stock
We're buying 50 shares of Emerson Electric at roughly $86.09 apiece. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 625 shares of EMR, increasing its weighting in the portfolio to about 1.79% from 1.65%. Industrial conglomerate Emerson reported disappointing fiscal first-quarter earning s on Feb. 8, prompting us to downgrade the stock to a 2 rating — meaning we would wait for a pullback before buying .
A worker assembles an industrial valve at Emerson Electric's factory in Marshalltown, Iowa, July 26, 2018.
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