Parsec Financial Management Inc. lowered its stake in Emerson Electric Co. ( NYSE:EMR – Get Rating ) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 296,778 shares of the industrial products company's stock after selling 16,807 shares during the period. Emerson Electric makes up about 1.1% of Parsec Financial Management Inc.'s investment portfolio, making the stock its 26th largest holding. Parsec Financial Management Inc.

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