Emerson Electric Co. $EMR Shares Sold by AIA Group Ltd

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AIA Group Ltd reduced its stake in Emerson Electric Co. (NYSE:EMR) by 49.1% during the third quarter, selling 19,530 shares and retaining 20,221 shares valued at $2.65 million. Other institutional investors like Vanguard Group Inc., State Street Corp, JPMorgan Chase & Co., and Schroder Investment Management Group either increased their holdings or acquired new positions in EMR. Analyst ratings for Emerson Electric are generally optimistic, with several firms raising their price targets and a consensus “Hold” rating.

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