AIA Group Ltd Purchases 2,980 Shares of Emerson Electric Co. (NYSE:EMR)

Key Points

• AIA Group Ltd increased its stake in Emerson Electric Co. by 120.6%, acquiring an additional 2,980 shares during the first quarter, bringing its total to 5,451 shares valued at around $598,000.
• Several hedge funds have recently made investments in Emerson Electric, and 74.30% of the stock is now owned by institutional investors.
• Analysts have raised their price targets for Emerson Electric, with Bank of America now setting a target of $155.00, indicating strong investment interest in the company's stock.

AIA Group Ltd increased its stake in Emerson Electric Co. (NYSE:EMR - Free Report) by 120.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,451 shares of the industrial products company's stock after acquiring an additional 2,980 shares during the quarter. AIA Group Ltd's holdings in Emerson Electric were worth $598,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Emerson Electric in the fourth quarter worth about $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the fourth quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in shares of Emerson Electric in the fourth quarter worth about $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Emerson Electric during the 1st quarter worth about $27,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Emerson Electric during the 1st quarter worth about $28,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Stock Performance

EMR stock traded down $2.59 during mid-day trading on Friday, hitting $131.78. 3,316,383 shares of the company were exchanged, compared to its average volume of 3,822,612. The business has a 50 day simple moving average of $136.53 and a 200-day simple moving average of $121.82. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $74.17 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.62 and a beta of 1.32. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. On average, equities analysts forecast that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 15th. Emerson Electric's payout ratio is presently 45.38%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EMR. Wells Fargo & Company boosted their price objective on Emerson Electric from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Stephens boosted their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Bank of America boosted their price target on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Robert W. Baird lowered their price target on Emerson Electric from $140.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $142.39.

Emerson Electric Company Profile

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.