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

Emerson Electric Co. (NYSE:EMR - Get Free Report) announced a quarterly dividend on Wednesday, May 7th, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 0.5275 per share by the industrial products company on Tuesday, June 10th. This represents a $2.11 dividend on an annualized basis and a yield of 1.93%.

Emerson Electric has raised its dividend payment by an average of 1.2% annually over the last three years and has increased its dividend every year for the last 68 years. Emerson Electric has a payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Emerson Electric to earn $6.45 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 32.7%.

Emerson Electric Trading Up 1.8 %

Shares of NYSE EMR traded up $1.91 during mid-day trading on Wednesday, hitting $109.18. The company's stock had a trading volume of 1,156,567 shares, compared to its average volume of 2,897,865. Emerson Electric has a one year low of $90.06 and a one year high of $134.85. The company's fifty day simple moving average is $107.15 and its 200-day simple moving average is $118.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.54 and a quick ratio of 1.17. The stock has a market cap of $61.57 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Emerson Electric (NYSE:EMR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $4.43 billion during the quarter, compared to analysts' expectations of $4.42 billion. Emerson Electric had a net margin of 13.74% and a return on equity of 12.08%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. On average, sell-side analysts anticipate that Emerson Electric will post 5.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EMR shares. Daiwa Capital Markets began coverage on shares of Emerson Electric in a research note on Tuesday, January 28th. They set an "outperform" rating and a $147.00 price target for the company. Royal Bank of Canada reissued an "outperform" rating and set a $138.00 price target on shares of Emerson Electric in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $135.00 to $110.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company raised their target price on shares of Emerson Electric from $140.00 to $142.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Morgan Stanley raised their price objective on Emerson Electric from $105.00 to $112.00 and gave the company an "underweight" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $131.67.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Emerson Electric stock. Brighton Jones LLC grew its holdings in shares of Emerson Electric Co. (NYSE:EMR - Free Report) by 74.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,392 shares of the industrial products company's stock after acquiring an additional 4,850 shares during the period. Brighton Jones LLC's holdings in Emerson Electric were worth $1,412,000 as of its most recent SEC filing. Institutional investors own 74.30% of the company's stock.

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.

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