MML Investors Services LLC Sells 17,829 Shares of Emerson Electric Co. (NYSE:EMR)

MML Investors Services LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,852 shares of the industrial products company's stock after selling 17,829 shares during the period. MML Investors Services LLC's holdings in Emerson Electric were worth $14,729,000 at the end of the most recent reporting period.

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

Emerson Electric Trading Down 1.0 %

NYSE:EMR traded down $1.05 during trading hours on Monday, hitting $104.23. The company had a trading volume of 757,108 shares, compared to its average volume of 2,934,514. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. Emerson Electric Co. has a 52 week low of $90.06 and a 52 week high of $134.85. The company has a market capitalization of $58.77 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. The stock has a 50-day moving average price of $109.27 and a 200 day moving average price of $118.74.

Emerson Electric (NYSE:EMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating 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, equities research analysts predict that Emerson Electric Co. will post 5.96 EPS for the current fiscal year.

Emerson Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.5275 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.11 annualized dividend and a yield of 2.02%. Emerson Electric's payout ratio is 50.36%.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. KeyCorp dropped their price objective on shares of Emerson Electric from $158.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley lifted their price target on Emerson Electric from $105.00 to $112.00 and gave the stock an "underweight" rating in a research note on Thursday, February 6th. StockNews.com upgraded Emerson Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Barclays dropped 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. Finally, Citigroup reduced their price target on shares of Emerson Electric from $132.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.67.

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.