Emerson Electric Co. (NYSE:EMR) Declares Quarterly Dividend of $0.59

Key Points

• Emerson raised its quarterly dividend 7.2% to $0.595 per share, or $2.38 annualized, representing a 1.4% yield. Shareholders of record November 13 are scheduled to receive payment December 10.
• The company reported quarterly EPS of $1.86, slightly above the $1.85 consensus, and revenue of $5.20 billion versus estimates of $5.11 billion.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $171.96; ratings range from Strong Buy to Sell.

Emerson Electric Co. (NYSE:EMR - Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.5950 per share by the industrial products company on Thursday, December 10th. This represents a $2.38 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, November 13th. This is a 7.2% increase from Emerson Electric's previous quarterly dividend of $0.5550.

Emerson Electric has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Emerson Electric to earn $7.23 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 30.7%.

Emerson Electric Trading Up 2.9%

Shares of EMR stock traded up $4.78 during mid-day trading on Wednesday, reaching $171.17. 4,736,133 shares of the stock traded hands, compared to its average volume of 2,973,112. The company has a market cap of $95.87 billion, a price-to-earnings ratio of 37.46, a price-to-earnings-growth ratio of 2.31 and a beta of 1.23. The company has a quick ratio of 0.66, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The stock's fifty day simple moving average is $157.41 and its two-hundred day simple moving average is $147.35. Emerson Electric has a 1-year low of $122.64 and a 1-year high of $172.00.

Emerson Electric (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, November 4th. The industrial products company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.85 by $0.01. Emerson Electric had a net margin of 13.83% and a return on equity of 17.58%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.11 billion. During the same period last year, the company earned $1.62 EPS. The firm's revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that Emerson Electric will post 6.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EMR has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on Emerson Electric from $145.00 to $140.00 and set an "underweight" rating for the company in a report on Tuesday. BNP Paribas Exane upped their price target on Emerson Electric from $180.00 to $185.00 in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on Emerson Electric from $169.00 to $184.00 and gave the company an "overweight" rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Emerson Electric from $169.00 to $174.00 and gave the stock a "hold" rating in a research report on Wednesday, September 30th. Finally, Sanford C. Bernstein upped their target price on Emerson Electric from $169.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.96.

Emerson Electric Company Profile

Emerson Electric Co NYSE: EMR is a global technology and engineering company that provides automation, control, and industrial technology solutions. Its offerings include measurement and analytical instruments, control systems, valves, regulators, software, and related services used to improve the safety, efficiency, and reliability of industrial operations.

The company serves customers across industries such as energy, chemicals, life sciences, food and beverage, manufacturing, and commercial and residential applications.

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