Emerson Electric Co. to Issue Quarterly Dividend of $0.53 (NYSE:EMR)

Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.5275 per share by the industrial products company on Monday, March 10th. This represents a $2.11 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, February 14th.

Emerson Electric has increased its dividend by an average of 1.2% per year over the last three years and has increased its dividend annually for the last 35 consecutive years. Emerson Electric has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Emerson Electric to earn $6.38 per share next year, which means the company should continue to be able to cover its $2.11 annual dividend with an expected future payout ratio of 33.1%.

Emerson Electric Stock Up 2.2 %

Emerson Electric stock opened at $127.49 on Friday. Emerson Electric has a 1-year low of $96.62 and a 1-year high of $134.85. The firm has a market capitalization of $72.61 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.34. The firm’s fifty day moving average price is $126.78 and its two-hundred day moving average price is $116.66. 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 (NYSE:EMR) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. On average, equities research analysts predict that Emerson Electric will post 5.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EMR has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Emerson Electric from $140.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Barclays lifted their target price on shares of Emerson Electric from $116.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, KeyCorp raised their price objective 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $136.90.

Emerson Electric Company 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.