Emerson Electric Co. (NYSE:EMR) Announces $0.53 Quarterly Dividend

Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.525 per share by the industrial products company on Monday, June 10th. This represents a $2.10 dividend on an annualized basis and a yield of 1.86%.

Emerson Electric has increased its dividend by an average of 1.3% annually over the last three years and has increased its dividend every year for the last 67 years. Emerson Electric has a payout ratio of 35.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Emerson Electric to earn $5.79 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 36.3%.

Emerson Electric Price Performance

EMR stock opened at $112.65 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Emerson Electric has a 12 month low of $76.94 and a 12 month high of $115.26. The stock has a market cap of $64.30 billion, a PE ratio of 5.87, a P/E/G ratio of 1.84 and a beta of 1.36. The company has a 50-day moving average price of $110.61 and a 200 day moving average price of $99.95.

Emerson Electric (NYSE:EMR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.18. The firm had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Emerson Electric had a return on equity of 11.59% and a net margin of 69.33%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Equities research analysts anticipate that Emerson Electric will post 5.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark A. Blinn sold 2,413 shares of Emerson Electric stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $103.18, for a total value of $248,973.34. Following the sale, the director now owns 9,591 shares in the company, valued at $989,599.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on EMR shares. Berenberg Bank raised their price objective on Emerson Electric from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and upped their price target for the stock from $123.00 to $138.00 in a research report on Thursday. Citigroup increased their target price on Emerson Electric from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada raised their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Bank of America lifted their price target on shares of Emerson Electric from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Emerson Electric has an average rating of “Moderate Buy” and an average target price of $119.41.

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.