Kanawha Capital Management LLC Has $9.58 Million Holdings in Emerson Electric Co. (NYSE:EMR)

Kanawha Capital Management LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,308 shares of the industrial products company's stock after selling 2,486 shares during the quarter. 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 institutional investors and hedge funds have also modified their holdings of EMR. State Street Corp increased its position in shares of Emerson Electric by 6.2% in the 3rd quarter. State Street Corp now owns 25,810,167 shares of the industrial products company's stock valued at $2,822,858,000 after buying an additional 1,507,980 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Emerson Electric by 4.2% in the 3rd quarter. Wellington Management Group LLP now owns 14,552,544 shares of the industrial products company's stock valued at $1,591,612,000 after purchasing an additional 581,102 shares during the period. Geode Capital Management LLC increased its stake in Emerson Electric by 1.4% during the 3rd 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. Nordea Investment Management AB boosted its stake in Emerson Electric by 5.7% in the 4th quarter. Nordea Investment Management AB now owns 7,013,550 shares of the industrial products company's stock worth $871,083,000 after purchasing an additional 375,470 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Emerson Electric by 107.2% during the 3rd quarter. Van ECK Associates Corp now owns 3,896,889 shares of the industrial products company's stock worth $422,852,000 after purchasing an additional 2,016,075 shares in the last quarter. 74.30% of the stock is owned by institutional investors.

Emerson Electric Stock Performance

Shares of EMR traded up $1.66 during trading hours on Tuesday, hitting $125.00. The company had a trading volume of 2,296,106 shares, compared to its average volume of 2,953,428. The firm has a market cap of $70.49 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.16 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 1.54 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $125.59 and a 200-day moving average of $117.18. Emerson Electric Co. has a 12 month low of $96.62 and a 12 month high of $134.85.

Emerson Electric (NYSE:EMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share 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 analysts anticipate that Emerson Electric Co. will post 5.95 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, February 14th. Emerson Electric's payout ratio is 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of several recent research reports. StockNews.com raised Emerson Electric from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. BNP Paribas began coverage on shares of Emerson Electric in a research note on Wednesday, November 13th. They set an "outperform" rating and a $155.00 price target for the company. Barclays boosted their price objective on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Morgan Stanley boosted their price target on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.