MetLife Investment Management LLC Raises Stock Holdings in Emerson Electric Co. (NYSE:EMR)

MetLife Investment Management LLC increased its stake in Emerson Electric Co. (NYSE:EMR) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,940 shares of the industrial products company’s stock after acquiring an additional 2,046 shares during the quarter. MetLife Investment Management LLC’s holdings in Emerson Electric were worth $18,706,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in EMR. Stephens Consulting LLC purchased a new position in Emerson Electric in the 4th quarter valued at about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Emerson Electric during the fourth quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Emerson Electric in the 4th quarter valued at $28,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric during the fourth quarter worth $30,000. Finally, Fiduciary Advisors Inc. acquired a new position in Emerson Electric during the fourth quarter worth about $35,000. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Emerson Electric Price Performance

EMR stock opened at $99.55 on Friday. Emerson Electric Co. has a 1 year low of $90.06 and a 1 year high of $134.85. The firm has a market capitalization of $56.14 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The business’s 50-day moving average is $111.55 and its two-hundred day moving average is $119.01.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. Analysts anticipate that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were issued a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, February 14th. Emerson Electric’s dividend payout ratio (DPR) is 50.36%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EMR. Wells Fargo & Company upped their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their target price on shares of Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Citigroup cut their price target on shares of Emerson Electric from $132.00 to $119.00 and set a “buy” rating for the company in a report on Monday, April 14th. Daiwa America upgraded Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric Company 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.