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

Radnor Capital Management LLC cut its stake in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,785 shares of the industrial products company's stock after selling 5,561 shares during the quarter. Emerson Electric makes up approximately 1.5% of Radnor Capital Management LLC's holdings, making the stock its 9th biggest position. Radnor Capital Management LLC's holdings in Emerson Electric were worth $8,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EMR. Capital Performance Advisors LLP bought a new position in shares of Emerson Electric in the third quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Emerson Electric in the 3rd quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new position in Emerson Electric in the 3rd quarter worth approximately $33,000. Morton Brown Family Wealth LLC purchased a new stake in Emerson Electric during the 3rd quarter valued at approximately $33,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Emerson Electric during the third quarter valued at approximately $43,000. Institutional investors own 74.30% of the company's stock.

Insider Activity at Emerson Electric

In related news, SVP Michael H. Train sold 21,525 shares of the company's 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 sale, the senior vice president now directly owns 262,408 shares of the company's stock, valued at $33,052,911.68. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. KeyCorp raised their target price on shares of Emerson Electric from $140.00 to $158.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Loop Capital raised their price objective on Emerson Electric from $130.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Stephens downgraded Emerson Electric from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Wednesday, October 16th. Wells Fargo & Company cut their price target on Emerson Electric from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Finally, Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $135.89.

Emerson Electric Trading Up 0.8 %

Emerson Electric stock traded up $0.96 during midday trading on Wednesday, reaching $120.75. The stock had a trading volume of 2,405,515 shares, compared to its average volume of 2,380,528. Emerson Electric Co. has a 52-week low of $91.64 and a 52-week high of $134.85. The company has a fifty day moving average of $127.30 and a 200 day moving average of $115.01. The firm has a market cap of $68.77 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Emerson Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were paid a $0.5275 dividend. This is a positive change from Emerson Electric's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.11 dividend on an annualized basis and a yield of 1.75%. Emerson Electric's dividend payout ratio (DPR) is presently 61.70%.

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.