CIBC Asset Management Inc Purchases 10,164 Shares of Emerson Electric Co. (NYSE:EMR)

CIBC Asset Management Inc grew its holdings in Emerson Electric Co. (NYSE:EMR) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EMR. Impax Asset Management Group plc boosted its holdings in shares of Emerson Electric by 16.7% during the third quarter. Impax Asset Management Group plc now owns 107,446 shares of the industrial products company’s stock worth $11,751,000 after acquiring an additional 15,340 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Emerson Electric by 12.5% in the third quarter. OneDigital Investment Advisors LLC now owns 25,014 shares of the industrial products company’s stock valued at $2,736,000 after acquiring an additional 2,784 shares during the period. Lifeworks Advisors LLC raised its stake in Emerson Electric by 15.3% in the 3rd quarter. Lifeworks Advisors LLC now owns 4,217 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 558 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Emerson Electric by 6.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 15,667 shares of the industrial products company’s stock valued at $1,714,000 after purchasing an additional 928 shares during the period. Finally, Metis Global Partners LLC grew its position in Emerson Electric by 1.6% during the third quarter. Metis Global Partners LLC now owns 18,237 shares of the industrial products company’s stock worth $1,995,000 after buying an additional 280 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EMR. Royal Bank of Canada dropped their price target on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley began coverage on Emerson Electric in a report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $132.00 to $115.00 in a research note on Wednesday, August 14th. BNP Paribas began coverage on Emerson Electric in a research report on Wednesday. They set an “outperform” rating and a $155.00 price objective on the stock. Finally, Stephens lowered shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Emerson Electric presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

Insider Transactions at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Emerson Electric Stock Down 1.3 %

EMR opened at $126.78 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. Emerson Electric Co. has a one year low of $87.17 and a one year high of $131.56. The firm has a market capitalization of $72.29 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The company has a fifty day moving average price of $111.14 and a 200-day moving average price of $109.98.

Emerson Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a $0.5275 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change 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 61.70%.

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.