Emerson Electric Co. (NYSE:EMR) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in Emerson Electric Co. (NYSE:EMR) by 15.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,065 shares of the industrial products company’s stock after acquiring an additional 12,324 shares during the quarter. Cibc World Markets Corp’s holdings in Emerson Electric were worth $11,162,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Stephens Consulting LLC acquired a new stake in Emerson Electric during the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the fourth quarter worth approximately $27,000. YANKCOM Partnership acquired a new stake in shares of Emerson Electric during the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new position in Emerson Electric in the 3rd quarter worth approximately $29,000. Finally, Fiduciary Advisors Inc. purchased a new position in Emerson Electric during the 4th quarter worth approximately $35,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on EMR shares. Daiwa America raised Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. Citigroup started coverage on shares of Emerson Electric in a research report on Monday. They set a “buy” rating and a $132.00 price objective on the stock. Finally, 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 research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Emerson Electric has a consensus rating of “Moderate Buy” and an average price target of $136.22.

Emerson Electric Stock Down 1.6 %

EMR opened at $111.77 on Wednesday. Emerson Electric Co. has a twelve month low of $96.62 and a twelve month high of $134.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.54. The business has a 50 day moving average price of $122.03 and a 200 day moving average price of $119.07. The firm has a market cap of $63.02 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.5275 per share. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 1.89%. Emerson Electric’s payout ratio is 50.36%.

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.