Emerson Electric Co. (NYSE:EMR) Position Reduced by Radnor Capital Management LLC

Radnor Capital Management LLC trimmed its stake in Emerson Electric Co. (NYSE:EMR) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,785 shares of the industrial products company’s stock after selling 5,561 shares during the period. Emerson Electric comprises 1.5% of Radnor Capital Management LLC’s holdings, making the stock its 9th biggest holding. Radnor Capital Management LLC’s holdings in Emerson Electric were worth $8,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of EMR. Capital Performance Advisors LLP purchased a new stake in Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in shares of Emerson Electric in the 3rd quarter valued at about $29,000. Frazier Financial Advisors LLC bought a new position in shares of Emerson Electric during the third quarter valued at approximately $33,000. Morton Brown Family Wealth LLC purchased a new position in Emerson Electric during the third quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new position in Emerson Electric in the third quarter worth approximately $43,000. 74.30% of the stock is owned by hedge funds and other institutional investors.

Emerson Electric Stock Performance

EMR opened at $119.80 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.26. Emerson Electric Co. has a 12-month low of $91.64 and a 12-month high of $134.85. The firm has a 50 day moving average of $127.30 and a two-hundred day moving average of $115.01. The firm has a market capitalization of $68.23 billion, a PE ratio of 35.03, a P/E/G ratio of 2.19 and a beta of 1.35.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.5275 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Emerson Electric’s previous quarterly dividend of $0.53. This represents a $2.11 dividend on an annualized basis and a yield of 1.76%. Emerson Electric’s payout ratio is currently 61.70%.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, SVP Michael H. Train sold 21,525 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $125.96, for a total value of $2,711,289.00. Following the sale, the senior vice president now owns 262,408 shares in the company, valued at approximately $33,052,911.68. This represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMR. Stephens downgraded Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. UBS Group initiated coverage on Emerson Electric in a research note on Wednesday, November 13th. They issued a “neutral” rating and a $135.00 target price on the stock. Barclays increased their price target on shares of Emerson Electric from $116.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Loop Capital lifted their price objective on shares of Emerson Electric from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, KeyCorp increased their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.84.

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.