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

Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.5275 per share by the industrial products company on Tuesday, December 10th. This represents a $2.11 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53.

Emerson Electric has increased its dividend payment by an average of 1.3% per year over the last three years and has increased its dividend every year for the last 67 years. Emerson Electric has a payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Emerson Electric to earn $5.93 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 35.4%.

Emerson Electric Stock Up 7.2 %

Shares of Emerson Electric stock traded up $7.86 during midday trading on Tuesday, hitting $117.67. The company had a trading volume of 7,152,754 shares, compared to its average volume of 2,707,807. Emerson Electric has a 52-week low of $83.10 and a 52-week high of $119.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16. The company has a 50 day moving average of $106.76 and a 200 day moving average of $108.86. The stock has a market capitalization of $67.39 billion, a P/E ratio of 40.07, a P/E/G ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. On average, equities analysts predict that Emerson Electric will post 5.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Oppenheimer raised their price objective on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Robert W. Baird boosted their price objective on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. Stephens lowered Emerson Electric from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research note on Wednesday, October 16th. Royal Bank of Canada lowered their target price on Emerson Electric from $140.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $132.00 to $115.00 in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.53.

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.