CIBC Asset Management Inc Grows Stock Position in Emerson Electric Co. (NYSE:EMR)

CIBC Asset Management Inc raised its position in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,294 shares of the industrial products company's stock after buying an additional 10,164 shares during the period. CIBC Asset Management Inc's holdings in Emerson Electric were worth $12,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrive Wealth Management LLC increased its holdings in shares of Emerson Electric by 4.1% during the second quarter. Thrive Wealth Management LLC now owns 2,319 shares of the industrial products company's stock worth $255,000 after buying an additional 91 shares in the last quarter. LCM Capital Management Inc raised its position in Emerson Electric by 1.4% in the second quarter. LCM Capital Management Inc now owns 6,787 shares of the industrial products company's stock valued at $748,000 after purchasing an additional 91 shares during the last quarter. Sabal Trust CO boosted its stake in shares of Emerson Electric by 2.2% during the second quarter. Sabal Trust CO now owns 4,308 shares of the industrial products company's stock valued at $475,000 after purchasing an additional 93 shares in the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Emerson Electric by 3.7% during the second quarter. Catalyst Financial Partners LLC now owns 2,609 shares of the industrial products company's stock worth $287,000 after purchasing an additional 94 shares during the last quarter. Finally, Unison Advisors LLC increased its stake in shares of Emerson Electric by 0.5% in the second quarter. Unison Advisors LLC now owns 21,016 shares of the industrial products company's stock valued at $2,315,000 after buying an additional 96 shares during the period. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Emerson Electric

In other news, SVP Michael H. Train sold 21,525 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total transaction of $2,711,289.00. Following the completion of the sale, the senior vice president now directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.25% of the company's stock.

Emerson Electric Stock Down 1.3 %

Shares of Emerson Electric stock traded down $1.69 on Friday, hitting $126.78. The company had a trading volume of 2,672,017 shares, compared to its average volume of 3,070,555. The stock has a market capitalization of $72.29 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.13 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. Emerson Electric Co. has a 1 year low of $87.17 and a 1 year high of $131.56. The stock has a 50 day moving average of $111.14 and a 200-day moving average of $109.98.

Emerson Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.5275 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Emerson Electric's previous quarterly dividend of $0.53. This represents a $2.11 annualized dividend and a yield of 1.66%. Emerson Electric's payout ratio is 61.40%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EMR. Robert W. Baird boosted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Wells Fargo & Company increased their price objective on Emerson Electric from $128.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a report on Thursday. BNP Paribas started coverage on Emerson Electric in a research note on Wednesday. They issued an "outperform" rating and a $155.00 price target for the company. Finally, Oppenheimer lifted their price objective on Emerson Electric from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $130.00.

About Emerson Electric

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.