CIBC Asset Management Inc Has $13.96 Million Stake in Emerson Electric Co. (NYSE:EMR)

CIBC Asset Management Inc reduced its stake in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,637 shares of the industrial products company’s stock after selling 5,657 shares during the period. CIBC Asset Management Inc’s holdings in Emerson Electric were worth $13,959,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Stephens Consulting LLC bought a new position in Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC bought a new stake in Emerson Electric in the 4th quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in Emerson Electric in the 3rd quarter valued at about $25,000. YANKCOM Partnership acquired a new position in Emerson Electric during the 4th quarter valued at about $30,000. Finally, Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter valued at about $29,000. 74.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Robert W. Baird upped their price objective on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Morgan Stanley boosted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the company an “underweight” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of Emerson Electric from a “hold” rating to a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Trading Up 1.3 %

Emerson Electric stock opened at $125.00 on Wednesday. Emerson Electric Co. has a fifty-two week low of $96.62 and a fifty-two week high of $134.85. The firm’s fifty day moving average price is $125.59 and its 200-day moving average price is $117.18. The stock has a market cap of $70.49 billion, a P/E ratio of 29.83, a PEG ratio of 2.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Equities research analysts forecast that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.69%. Emerson Electric’s dividend payout ratio (DPR) is presently 50.36%.

Emerson Electric 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.