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

Emerson Electric Co. (NYSE:EMR) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given 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 dividend yield of 1.68%. The ex-dividend date is Friday, February 14th.

Emerson Electric has increased its dividend payment by an average of 1.2% per year over the last three years and has increased its dividend every year for the last 35 years. Emerson Electric has a dividend payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Emerson Electric to earn $6.42 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 32.9%.

Emerson Electric Stock Down 1.2 %

EMR stock opened at $125.40 on Wednesday. Emerson Electric has a 12 month low of $96.62 and a 12 month high of $134.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.40. The company has a market cap of $71.42 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The company has a fifty day moving average price of $126.24 and a 200 day moving average price of $116.95.

Emerson Electric (NYSE:EMR) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. Emerson Electric had a return on equity of 12.08% and a net margin of 13.74%. Sell-side analysts expect that Emerson Electric will post 5.95 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EMR shares. Daiwa America upgraded shares of Emerson Electric to a “strong-buy” rating in a research report on Tuesday, January 28th. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. UBS Group assumed coverage on shares of Emerson Electric in a report on Wednesday, November 13th. They set a “neutral” rating and a $135.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Emerson Electric from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price target on Emerson Electric from $140.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.