Kanawha Capital Management LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.
Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Emerson Electric during the third quarter worth $25,000. Stephens Consulting LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric in the fourth quarter worth $27,000. Darwin Wealth Management LLC purchased a new stake in shares of Emerson Electric in the third quarter worth $29,000. Finally, YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 74.30% of the company's stock.
A number of equities research analysts recently issued reports on EMR shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $138.00 price objective on shares of Emerson Electric in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price target on Emerson Electric from $136.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. KeyCorp raised their price target on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Barclays raised their price target on Emerson Electric from $116.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Finally, Robert W. Baird raised their price target on Emerson Electric from $117.00 to $118.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Emerson Electric currently has an average rating of "Moderate Buy" and an average price target of $136.90.
Check Out Our Latest Analysis on EMR
EMR stock opened at $125.26 on Friday. The firm has a 50 day moving average price of $126.04 and a 200-day moving average price of $117.01. Emerson Electric Co. has a 52-week low of $96.62 and a 52-week high of $134.85. The firm 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. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.40 and a current ratio of 1.54.
Emerson Electric (NYSE:EMR - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (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%. Equities research analysts forecast that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued 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 payout ratio is currently 50.36%.
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.
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