Cibc World Markets Corp Increases Stock Position in Emerson Electric Co. (NYSE:EMR)

Cibc World Markets Corp grew its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 15.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 90,065 shares of the industrial products company's stock after buying an additional 12,324 shares during the period. Cibc World Markets Corp's holdings in Emerson Electric were worth $11,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB raised its stake in Emerson Electric by 120.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 56,341 shares of the industrial products company's stock valued at $6,162,000 after acquiring an additional 30,741 shares during the last quarter. Geode Capital Management LLC raised its holdings in Emerson Electric by 1.4% during the third quarter. Geode Capital Management LLC now owns 11,453,075 shares of the industrial products company's stock worth $1,247,570,000 after purchasing an additional 162,985 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Emerson Electric by 130.0% during the 3rd quarter. Larson Financial Group LLC now owns 9,541 shares of the industrial products company's stock worth $1,044,000 after buying an additional 5,393 shares in the last quarter. GHP Investment Advisors Inc. raised its position in Emerson Electric by 8.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 82,201 shares of the industrial products company's stock worth $10,187,000 after acquiring an additional 6,321 shares in the last quarter. Finally, Howland Capital Management LLC increased its holdings in shares of Emerson Electric by 13.0% in the 4th quarter. Howland Capital Management LLC now owns 26,494 shares of the industrial products company's stock valued at $3,283,000 after purchasing an additional 3,054 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

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Emerson Electric Trading Up 1.0 %

Shares of NYSE EMR traded up $1.12 during trading on Friday, hitting $112.92. 9,228,719 shares of the company traded hands, compared to its average volume of 2,656,131. Emerson Electric Co. has a 1 year low of $96.62 and a 1 year high of $134.85. The company has a 50-day moving average price of $121.60 and a 200-day moving average price of $119.02. The firm has a market capitalization of $63.67 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts predict that Emerson Electric Co. will post 5.96 EPS for the current year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.87%. Emerson Electric's dividend payout ratio (DPR) is 50.36%.

Wall Street Analysts Forecast Growth

EMR has been the subject of several research reports. Morgan Stanley lifted their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research note on Thursday, February 6th. Barclays cut shares of Emerson Electric from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $135.00 to $110.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on shares of Emerson Electric from $137.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.22.

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.