CIBC Asset Management Inc Sells 5,657 Shares of Emerson Electric Co. (NYSE:EMR)

CIBC Asset Management Inc trimmed its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 4.8% during the fourth 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EMR. Capital Performance Advisors LLP acquired a new position in Emerson Electric in the 3rd quarter valued at about $25,000. Stephens Consulting LLC acquired a new position in shares of Emerson Electric during the 4th quarter worth $25,000. Sugar Maple Asset Management LLC acquired a new position in Emerson Electric during the fourth quarter worth about $27,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric during the 3rd quarter worth approximately $29,000. Finally, YANKCOM Partnership acquired a new position in Emerson Electric in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Performance

Shares of EMR traded down $2.87 during mid-day trading on Friday, reaching $121.88. 2,334,273 shares of the company's stock were exchanged, compared to its average volume of 2,856,196. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The business's fifty day simple moving average is $125.25 and its 200-day simple moving average is $117.40. The stock has a market capitalization of $68.73 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. On average, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current year.

Emerson Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's dividend payout ratio is presently 50.36%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 target price on shares of Emerson Electric in a research report on Thursday, February 6th. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Friday, February 7th. BNP Paribas started coverage on Emerson Electric in a report on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target for the company. Daiwa America raised shares of Emerson Electric to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.90.

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.