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

Emerson Electric Co. (NYSE:EMR - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders 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 dividend yield of 1.86%.

Emerson Electric has increased its dividend payment by an average of 1.3% per year over the last three years and has raised its dividend every year for the last 67 years. Emerson Electric has a dividend payout ratio of 35.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 4.9 %

EMR traded up $5.25 during midday trading on Wednesday, reaching $112.65. The company's stock had a trading volume of 6,046,909 shares, compared to its average volume of 2,820,472. The stock's 50-day moving average is $110.61 and its 200-day moving average is $99.95. Emerson Electric has a 1 year low of $76.94 and a 1 year high of $115.26. The firm has a market capitalization of $64.30 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 1.84 and a beta of 1.36. 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 (NYSE:EMR - Get Free Report) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.18. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. As a group, research analysts expect that Emerson Electric will post 5.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup lifted their price objective on Emerson Electric from $120.00 to $133.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Royal Bank of Canada lifted their target price on Emerson Electric from $106.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. Mizuho increased their price target on Emerson Electric from $118.00 to $130.00 and gave the company a "buy" rating in a report on Thursday, February 8th. Berenberg Bank boosted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Finally, Barclays raised their target price on shares of Emerson Electric from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Emerson Electric has an average rating of "Moderate Buy" and an average target price of $118.07.

Insider Buying and Selling at Emerson Electric

In other Emerson Electric news, Director Mark A. Blinn sold 2,413 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $103.18, for a total value of $248,973.34. Following the transaction, the director now directly owns 9,591 shares of the company's stock, valued at approximately $989,599.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is currently owned by corporate insiders.

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.