Emerson Electric Co. (EMR) to Issue Quarterly Dividend of $0.53 on December 10th

Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Investors 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 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Emerson Electric’s previous quarterly dividend of $0.53.

Emerson Electric has increased its dividend by an average of 1.3% per year over the last three years and has raised its dividend annually for the last 67 consecutive 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 Price Performance

Shares of Emerson Electric stock opened at $126.86 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.86. The business has a 50 day simple moving average of $107.50 and a two-hundred day simple moving average of $109.05. The stock has a market capitalization of $72.65 billion, a P/E ratio of 42.57, a PEG ratio of 1.68 and a beta of 1.30. Emerson Electric has a 12 month low of $83.10 and a 12 month high of $127.74.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. The company had revenue of $4.38 billion for 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 quarter in the previous year, the company posted $1.29 EPS. As a group, analysts predict that Emerson Electric will post 5.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stephens downgraded shares of Emerson Electric from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $135.00 to $120.00 in a report on Wednesday, October 16th. Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They set an “underweight” rating and a $105.00 price objective on the stock. Royal Bank of Canada dropped their target price on Emerson Electric from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday. KeyCorp boosted their price target on shares of Emerson Electric from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.65.

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.