MML Investors Services LLC Grows Position in Emerson Electric Co. (NYSE:EMR)

MML Investors Services LLC raised its position in Emerson Electric Co. (NYSE:EMR - Free Report) by 35.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,681 shares of the industrial products company's stock after purchasing an additional 36,076 shares during the period. MML Investors Services LLC's holdings in Emerson Electric were worth $14,949,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Emerson Electric during the 3rd quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in shares of Emerson Electric in the 3rd quarter worth about $29,000. Meeder Asset Management Inc. increased its position in shares of Emerson Electric by 361.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 300 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. Morton Brown Family Wealth LLC bought a new stake in Emerson Electric in the 3rd quarter worth approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Emerson Electric in the third quarter worth approximately $33,000. Institutional investors own 74.30% of the company's stock.

Insider Activity

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of Emerson Electric stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the completion of the transaction, the senior vice president now directly owns 262,408 shares of the company's stock, valued at approximately $33,052,911.68. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Emerson Electric from a "hold" rating to a "buy" rating in a report on Sunday. Stephens downgraded shares of Emerson Electric from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. UBS Group started coverage on Emerson Electric in a research report on Wednesday, November 13th. They set a "neutral" rating and a $135.00 price target on the stock. Finally, KeyCorp boosted their price objective on Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Emerson Electric has an average rating of "Moderate Buy" and a consensus price target of $133.17.

Emerson Electric Stock Down 1.0 %

Shares of EMR stock traded down $1.25 during mid-day trading on Tuesday, reaching $129.18. 2,838,406 shares of the company's stock traded hands, compared to its average volume of 2,747,152. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26. The company's 50-day moving average price is $119.93 and its 200-day moving average price is $112.19. The company has a market cap of $73.57 billion, a P/E ratio of 37.77, a P/E/G ratio of 2.20 and a beta of 1.34. Emerson Electric Co. has a 12 month low of $89.17 and a 12 month high of $134.85.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.5275 per share. This is an increase from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 1.63%. Emerson Electric's dividend payout ratio (DPR) is currently 61.70%.

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.