Todays Report: The Kanawha Capital Management LLC cuts position of Emerson Electric Co. (EMR)

The Kanawha Capital Management LLC cuts position of Emerson Electric Co. (EMR)

Kanawha Capital Management LLC lowered its stake in shares of Emerson Electric Co. (NYSE:EMR) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,498 shares of the company’s stock after selling 2,032 shares during the period. Kanawha Capital Management LLC’s holdings in Emerson Electric were worth $5,190,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI raised its stake in Emerson Electric by 11.4% in the second quarter. Arcadia Investment Management Corp MI now owns 2,281 shares of the company’s stock worth $119,000 after buying an additional 234 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Emerson Electric during the second quarter worth $128,000. Integrated Investment Consultants LLC raised its stake in Emerson Electric by 99.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock worth $132,000 after buying an additional 1,262 shares during the last quarter. Oakworth Capital Inc. raised its stake in Emerson Electric by 405.6% in the second quarter. Oakworth Capital Inc. now owns 2,705 shares of the company’s stock worth $141,000 after buying an additional 2,170 shares during the last quarter. Finally, SOL Capital Management CO raised its stake in Emerson Electric by 2.6% in the second quarter. SOL Capital Management CO now owns 3,918 shares of the company’s stock worth $204,000 after buying an additional 100 shares during the last quarter. Institutional investors own 69.38% of the company’s stock.

Shares of Emerson Electric Co. (NYSE:EMR) traded down 0.231% on Monday, reaching $49.765. The company had a trading volume of 2,185,364 shares. The company’s 50-day moving average price is $52.22 and its 200 day moving average price is $53.28. Emerson Electric Co. has a 52 week low of $41.25 and a 52 week high of $56.82. The firm has a market capitalization of $32.03 billion, a P/E ratio of 17.622 and a beta of 1.19.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.04. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.34 billion. Emerson Electric had a return on equity of 24.63% and a net margin of 8.96%. On average, analysts expect that Emerson Electric Co. will post $2.92 EPS for the current year.

A number of analysts have weighed in on the company. Deutsche Bank AG reduced their target price on Emerson Electric from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, August 8th. Stifel Nicolaus reduced their target price on Emerson Electric from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Barclays PLC reduced their target price on Emerson Electric from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. Robert W. Baird reiterated a “neutral” rating and issued a $58.00 target price on shares of Emerson Electric in a research note on Monday, June 27th. Finally, Wells Fargo & Co. reiterated a “hold” rating and issued a $52.00 target price on shares of Emerson Electric in a research note on Monday, July 18th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. Emerson Electric has an average rating of “Hold” and a consensus target price of $51.91.

About Emerson Electric

Emerson Electric Co is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions.

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