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

MetLife Investment Management LLC increased its holdings in Emerson Electric Co. (NYSE:EMR) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,940 shares of the industrial products company’s stock after purchasing an additional 2,046 shares during the period. MetLife Investment Management LLC’s holdings in Emerson Electric were worth $18,706,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EMR. Stephens Consulting LLC bought a new stake in shares of Emerson Electric in the 4th quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of Emerson Electric in the 4th quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Emerson Electric during the 4th quarter valued at $28,000. YANKCOM Partnership purchased a new stake in shares of Emerson Electric in the fourth quarter valued at $30,000. Finally, Fiduciary Advisors Inc. bought a new position in Emerson Electric during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Analyst Ratings Changes

EMR has been the topic of a number of analyst reports. KeyCorp cut their target price on Emerson Electric from $158.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Daiwa America raised shares of Emerson Electric to a “strong-buy” rating in a research note on Tuesday, January 28th. Morgan Stanley increased their price objective on Emerson Electric from $105.00 to $112.00 and gave the stock an “underweight” rating in a research note on Thursday, February 6th. Finally, Barclays decreased their target price on Emerson Electric from $105.00 to $99.00 and set an “underweight” rating for the company in a research report on Thursday, April 10th. Two 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 given a strong buy rating to the stock. Based on data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $131.67.

Emerson Electric Stock Up 0.9 %

Shares of 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 company has a market cap of $56.14 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth 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 stock’s fifty day moving average price is $111.55 and its 200 day moving average price is $119.01.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 EPS for the quarter, topping 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%. On average, research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Announces Dividend

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

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.