Kanawha Capital Management LLC Sells 2,486 Shares of Emerson Electric Co. (NYSE:EMR)

Kanawha Capital Management LLC lessened its stake in Emerson Electric Co. (NYSE:EMR) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,308 shares of the industrial products company’s stock after selling 2,486 shares during the period. Kanawha Capital Management LLC’s holdings in Emerson Electric were worth $9,581,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EMR. Creative Planning grew its position in shares of Emerson Electric by 1.5% during the 3rd quarter. Creative Planning now owns 184,707 shares of the industrial products company’s stock valued at $20,201,000 after acquiring an additional 2,768 shares during the period. Swedbank AB grew its position in shares of Emerson Electric by 127.3% during the 3rd quarter. Swedbank AB now owns 2,544,439 shares of the industrial products company’s stock valued at $278,285,000 after acquiring an additional 1,424,800 shares during the period. Vontobel Holding Ltd. boosted its holdings in Emerson Electric by 45.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 162,575 shares of the industrial products company’s stock worth $17,781,000 after buying an additional 51,043 shares during the period. Twelve Points Wealth Management LLC boosted its holdings in Emerson Electric by 9.3% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 9,514 shares of the industrial products company’s stock worth $1,041,000 after buying an additional 807 shares during the period. Finally, B.O.S.S. Retirement Advisors LLC boosted its holdings in Emerson Electric by 3.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 9,922 shares of the industrial products company’s stock worth $1,085,000 after buying an additional 371 shares during the period. Institutional investors own 74.30% of the company’s stock.

Emerson Electric Stock Performance

Shares of NYSE:EMR opened at $125.26 on Friday. The company has a market capitalization of $70.63 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 2.16 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85. The firm’s 50-day moving average is $126.04 and its 200 day moving average is $117.01. The company has a current ratio of 1.54, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, beating 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 predict that Emerson Electric Co. will post 5.95 EPS for the current year.

Emerson Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be paid a $0.5275 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.11 dividend on an annualized basis and a yield of 1.68%. Emerson Electric’s dividend payout ratio is currently 50.36%.

Analysts Set New Price Targets

EMR has been the subject of several recent analyst reports. BNP Paribas initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued an “outperform” rating and a $155.00 target price for the company. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price for the company. StockNews.com upgraded shares of Emerson Electric from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Jefferies Financial Group assumed coverage on shares of Emerson Electric in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.90.

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.