Radnor Capital Management LLC Sells 575 Shares of General Electric (NYSE:GE)

Radnor Capital Management LLC lessened its holdings in shares of General Electric (NYSE:GEFree Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,592 shares of the conglomerate’s stock after selling 575 shares during the quarter. General Electric comprises 0.8% of Radnor Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Radnor Capital Management LLC’s holdings in General Electric were worth $4,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GE. Halpern Financial Inc. increased its position in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new position in shares of General Electric during the fourth quarter worth approximately $27,000. CGC Financial Services LLC lifted its holdings in shares of General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Finally, Bfsg LLC bought a new position in shares of General Electric during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 0.5 %

Shares of NYSE:GE traded down $0.76 during trading on Friday, reaching $164.24. 17,196,621 shares of the stock traded hands, compared to its average volume of 5,185,373. The stock has a market cap of $179.78 billion, a P/E ratio of 53.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The stock has a 50-day moving average of $161.69 and a two-hundred day moving average of $149.99. General Electric has a 52-week low of $82.11 and a 52-week high of $170.80.

General Electric (NYSE:GEGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that General Electric will post 3.99 earnings per share for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. General Electric’s payout ratio is 36.72%.

Insider Transactions at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the sale, the senior vice president now directly owns 112,958 shares in the company, valued at approximately $18,391,821.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GE. Barclays reduced their price target on General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Argus lifted their target price on shares of General Electric from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com assumed coverage on shares of General Electric in a research report on Monday, April 29th. They set a “hold” rating for the company. Citigroup raised their price target on shares of General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

View Our Latest Stock Report on GE

General Electric Profile

(Free Report)

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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