Kanawha Capital Management LLC Has $6.15 Million Position in Emerson Electric Company (EMR)
Kanawha Capital Management LLC lessened its position in shares of Emerson Electric Company (NYSE:EMR) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,787 shares of the industrial products company’s stock after selling 790 shares during the quarter. Kanawha Capital Management LLC’s holdings in Emerson Electric were worth $6,145,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Fagan Associates Inc. grew its position in Emerson Electric by 19.3% during the second quarter. Fagan Associates Inc. now owns 5,975 shares of the industrial products company’s stock valued at $356,000 after buying an additional 968 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in Emerson Electric by 6.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $601,000 after buying an additional 620 shares during the period. Andra AP fonden grew its position in Emerson Electric by 5.2% during the second quarter. Andra AP fonden now owns 95,300 shares of the industrial products company’s stock valued at $5,682,000 after buying an additional 4,700 shares during the period. Lipe & Dalton lifted its holdings in Emerson Electric by 1.3% during the second quarter. Lipe & Dalton now owns 42,125 shares of the industrial products company’s stock valued at $2,511,000 after purchasing an additional 560 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Emerson Electric by 5.8% during the first quarter. Vanguard Group Inc. now owns 43,698,252 shares of the industrial products company’s stock valued at $2,615,777,000 after purchasing an additional 2,404,844 shares in the last quarter. Institutional investors own 69.00% of the company’s stock.
Emerson Electric Company (EMR) opened at $67.20 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 1.30. The firm has a market cap of $42,790.12, a PE ratio of 25.84, a PEG ratio of 2.99 and a beta of 1.24. Emerson Electric Company has a 52 week low of $55.40 and a 52 week high of $67.79.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.83 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.43 billion. Emerson Electric had a net margin of 9.94% and a return on equity of 20.47%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. research analysts anticipate that Emerson Electric Company will post 2.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were paid a $0.485 dividend. This is an increase from Emerson Electric’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, November 16th. Emerson Electric’s dividend payout ratio (DPR) is currently 82.55%.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price objective on shares of Emerson Electric in a report on Monday. Cowen raised shares of Emerson Electric to a “buy” rating and set a $71.00 price objective on the stock in a report on Monday, October 23rd. Goldman Sachs Group reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Emerson Electric in a report on Friday, December 8th. Finally, Bank of America raised shares of Emerson Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $64.44 to $79.00 in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.86.
In other news, VP Frank J. Dellaquila sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $64.77, for a total value of $136,017.00. Following the transaction, the vice president now directly owns 178,743 shares of the company’s stock, valued at $11,577,184.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bell Katherine Button sold 7,518 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $66.36, for a total transaction of $498,894.48. Following the completion of the transaction, the vice president now directly owns 36,877 shares in the company, valued at $2,447,157.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,017 shares of company stock worth $1,771,129. Insiders own 0.79% of the company’s stock.
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Emerson Electric Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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