CIBC Asset Management Inc Cuts Stock Holdings in Emerson Electric Co. (NYSE:EMR)

CIBC Asset Management Inc trimmed its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in EMR. Creative Planning boosted its position in Emerson Electric by 1.5% during the third quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after buying an additional 2,768 shares during the period. Swedbank AB boosted its holdings in shares of Emerson Electric by 127.3% during the third quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock worth $278,285,000 after purchasing an additional 1,424,800 shares during the period. Howard Capital Management Group LLC boosted its holdings in shares of Emerson Electric by 10.6% during the third quarter. Howard Capital Management Group LLC now owns 1,878 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 180 shares during the period. Blue Trust Inc. boosted its holdings in shares of Emerson Electric by 61.1% during the third quarter. Blue Trust Inc. now owns 6,523 shares of the industrial products company’s stock worth $719,000 after purchasing an additional 2,475 shares during the period. Finally, Cyndeo Wealth Partners LLC boosted its holdings in shares of Emerson Electric by 4.6% during the third quarter. Cyndeo Wealth Partners LLC now owns 4,035 shares of the industrial products company’s stock worth $441,000 after purchasing an additional 177 shares during the period. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

Emerson Electric Price Performance

Shares of EMR opened at $125.00 on Wednesday. The company has a market capitalization of $70.49 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $125.59 and a 200 day moving average of $117.18. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Emerson Electric Co. will post 5.95 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EMR shares. Loop Capital increased their target price on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley increased their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Daiwa Capital Markets assumed coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They issued an “outperform” rating and a $147.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Emerson Electric has a consensus rating of “Moderate Buy” and a consensus price target of $136.90.

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.