MetLife Investment Management LLC Has $16.07 Million Holdings in Emerson Electric Co. $EMR

Key Points

• MetLife Investment Management LLC has reduced its stake in Emerson Electric Co. by 2.9%, now holding 146,595 shares valued at approximately $16 million.
• Numerous large investors have adjusted their positions in Emerson Electric, with notable increases in stakes, including a staggering 12,707.7% increase by GAMMA Investing LLC in the first quarter.
• Emerson Electric recently declared a quarterly dividend of $0.5275 per share, representing an annualized payout of $2.11 and a yield of 1.6%.

MetLife Investment Management LLC lessened its holdings in Emerson Electric Co. (NYSE:EMR - Free Report) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,595 shares of the industrial products company's stock after selling 4,345 shares during the quarter. MetLife Investment Management LLC's holdings in Emerson Electric were worth $16,073,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EMR. Orion Capital Management LLC bought a new position in Emerson Electric in the fourth quarter valued at about $25,000. Vega Investment Solutions acquired a new stake in shares of Emerson Electric in the 4th quarter valued at approximately $27,000. Ameriflex Group Inc. bought a new stake in shares of Emerson Electric during the 4th quarter valued at approximately $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Emerson Electric in the 1st quarter valued at approximately $27,000. Finally, Inlight Wealth Management LLC acquired a new stake in Emerson Electric in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 74.30% of the company's stock.

Emerson Electric Stock Up 0.9%

Shares of Emerson Electric stock traded up $1.16 during trading on Thursday, reaching $134.61. 3,487,685 shares of the company traded hands, compared to its average volume of 3,159,507. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market capitalization of $75.76 billion, a PE ratio of 28.95, a P/E/G ratio of 2.60 and a beta of 1.32. The company has a 50 day moving average price of $137.34 and a 200-day moving average price of $122.06. Emerson Electric Co. has a 1-year low of $90.06 and a 1-year high of $150.27.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.60 billion. Emerson Electric had a net margin of 14.92% and a return on equity of 14.34%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. As a group, equities research analysts expect that Emerson Electric Co. will post 5.96 earnings per share for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Emerson Electric's dividend payout ratio (DPR) is 45.38%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EMR shares. JPMorgan Chase & Co. upped their price target on shares of Emerson Electric from $113.00 to $133.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Bank of America upped their target price on Emerson Electric from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Stephens lifted their price target on Emerson Electric from $130.00 to $145.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. TD Cowen raised Emerson Electric to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, KeyCorp lifted their target price on shares of Emerson Electric from $150.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerson Electric has a consensus rating of "Moderate Buy" and a consensus price target of $142.39.

About Emerson Electric

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.