Emerson Electric Co. (NYSE:EMR) Increases Dividend to $0.53 Per Share

Emerson Electric Co. (NYSE:EMR) announced a quarterly dividend on Tuesday, November 5th, NASDAQ reports. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 1.79%. The ex-dividend date is Friday, November 15th. This is a boost from Emerson Electric’s previous quarterly dividend of $0.53.

Emerson Electric has raised its dividend by an average of 1.3% per year over the last three years and has increased its dividend annually for the last 67 consecutive years. Emerson Electric has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 7.2 %

EMR traded up $7.86 on Tuesday, hitting $117.67. The company had a trading volume of 7,152,754 shares, compared to its average volume of 2,707,807. The business’s fifty day simple moving average is $106.76 and its 200 day simple moving average is $108.86. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. Emerson Electric has a 12-month low of $83.10 and a 12-month high of $119.61. The company has a market cap of $67.39 billion, a PE ratio of 40.07, a PEG ratio of 1.66 and a beta of 1.30.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.42 by $0.01. Emerson Electric had a net margin of 10.12% and a return on equity of 11.41%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.44 billion. Emerson Electric’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share. Equities research analysts expect that Emerson Electric will post 5.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EMR. Robert W. Baird boosted their target price on Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday. Oppenheimer increased their target price on Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Wells Fargo & Company dropped their target price on shares of Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. cut Emerson Electric from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $132.00 to $115.00 in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.53.

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.