Emerson Electric Co. (NYSE:EMR) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Emerson Electric Co. (NYSE:EMRGet Rating) by 0.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,381 shares of the industrial products company’s stock after acquiring an additional 486 shares during the period. CIBC Asset Management Inc’s holdings in Emerson Electric were worth $5,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EMR. FSB Premier Wealth Management Inc. bought a new position in Emerson Electric during the 4th quarter worth $35,000. Credit Agricole S A bought a new position in Emerson Electric during the 4th quarter worth $35,000. Riverview Trust Co grew its stake in Emerson Electric by 404.1% during the 1st quarter. Riverview Trust Co now owns 368 shares of the industrial products company’s stock worth $36,000 after buying an additional 295 shares during the last quarter. Gibson Wealth Advisors LLC bought a new position in Emerson Electric during the 4th quarter worth $37,000. Finally, Retirement Planning Co of New England Inc. bought a new position in Emerson Electric during the 4th quarter worth $41,000. 73.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Oppenheimer lowered their price objective on Emerson Electric from $115.00 to $110.00 in a research note on Monday, May 9th. Wells Fargo & Company increased their price target on Emerson Electric from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 12th. Mizuho decreased their price target on Emerson Electric from $100.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, July 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Emerson Electric from $110.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Finally, Citigroup decreased their price target on Emerson Electric from $119.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, May 17th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Emerson Electric Trading Up 0.9 %

Shares of EMR stock opened at $90.39 on Friday. Emerson Electric Co. has a fifty-two week low of $76.16 and a fifty-two week high of $105.99. The stock has a market capitalization of $53.69 billion, a P/E ratio of 18.91, a P/E/G ratio of 2.09 and a beta of 1.41. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.77. The stock has a 50-day simple moving average of $84.02 and a 200 day simple moving average of $89.58.

Emerson Electric (NYSE:EMRGet Rating) last announced its earnings results on Wednesday, May 4th. The industrial products company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.18 by $0.11. Emerson Electric had a return on equity of 27.72% and a net margin of 15.16%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the business posted $0.97 earnings per share. Emerson Electric’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts expect that Emerson Electric Co. will post 5.05 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, August 11th. Emerson Electric’s dividend payout ratio is 43.10%.

Emerson Electric Company Profile

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Emerson Electric Co, a technology and engineering company, provides various solutions for customers in industrial, commercial, and residential markets in the Americas, Asia, the Middle East, Africa, and Europe. The company operates through Automation Solutions, and Commercial & Residential Solutions segments.

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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