Emerson Electric Co. (EMR) To Go Ex-Dividend on November 13th

Emerson Electric Co. (NYSE:EMR) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be given 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 13th. This is a 7.2% increase from Emerson Electric’s previous quarterly dividend of $0.5550.

Emerson Electric has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Emerson Electric to earn $7.21 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 30.8%.

Emerson Electric Stock Up 2.9%

EMR opened at $171.17 on Thursday. 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 has a market cap of $95.87 billion, a price-to-earnings ratio of 37.46, a PEG ratio of 2.35 and a beta of 1.23. Emerson Electric has a twelve month low of $122.64 and a twelve month high of $172.00. The company’s 50-day moving average price is $157.73 and its two-hundred day moving average price is $147.46.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings results on Wednesday, November 4th. The industrial products company reported $1.86 earnings per share (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 company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.11 billion. During the same quarter last year, the business posted $1.62 EPS. Emerson Electric’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts expect that Emerson Electric will post 6.56 earnings per share for the current year.

Insider Activity at Emerson Electric

In other news, CEO Surendralal Karsanbhai sold 9,650 shares of Emerson Electric stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $161.91, for a total value of $1,562,431.50. Following the completion of the transaction, the chief executive officer directly owned 271,743 shares in the company, valued at approximately $43,997,909.13. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its holdings in shares of Emerson Electric by 13.9% during the third quarter. Lido Advisors LLC now owns 149,499 shares of the industrial products company’s stock worth $23,188,000 after buying an additional 18,229 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in Emerson Electric by 1.0% during the third quarter. Cornerstone Wealth Management LLC now owns 59,425 shares of the industrial products company’s stock worth $9,217,000 after acquiring an additional 592 shares during the last quarter. D Orazio & Associates Inc. boosted its position in Emerson Electric by 3.1% during the third quarter. D Orazio & Associates Inc. now owns 2,655 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 81 shares during the last quarter. Gen Wealth Partners Inc grew its stake in Emerson Electric by 13.8% in the 3rd quarter. Gen Wealth Partners Inc now owns 3,119 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 379 shares during the period. Finally, 71 West Capital Partners raised its holdings in Emerson Electric by 3.0% in the 3rd quarter. 71 West Capital Partners now owns 4,973 shares of the industrial products company’s stock valued at $771,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 74.30% of the company’s stock.

About Emerson Electric

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.