Emerson Electric Company (NYSE:EMR) announced a quarterly dividend on Tuesday, February 6th, RTT News reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.485 per share by the industrial products company on Friday, March 9th. This represents a $1.94 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Thursday, February 15th.
Emerson Electric has increased its dividend by an average of 3.0% per year over the last three years and has increased its dividend every year for the last 61 years. Emerson Electric has a payout ratio of 66.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Emerson Electric to earn $3.62 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 53.6%.
Shares of Emerson Electric (NYSE EMR) opened at $70.38 on Wednesday. Emerson Electric has a twelve month low of $56.77 and a twelve month high of $74.45. The company has a market cap of $44,635.43, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 2.42 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.
Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Emerson Electric had a net margin of 10.09% and a return on equity of 20.73%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. equities research analysts predict that Emerson Electric will post 3.13 EPS for the current year.
In related news, COO Edgar M. Purvis, Jr. sold 9,490 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $65.74, for a total transaction of $623,872.60. Following the completion of the transaction, the chief operating officer now owns 168,984 shares in the company, valued at $11,109,008.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Frank J. Dellaquila sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $64.77, for a total transaction of $136,017.00. Following the transaction, the vice president now owns 178,743 shares of the company’s stock, valued at approximately $11,577,184.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,017 shares of company stock valued at $1,771,129. 0.84% of the stock is owned by company insiders.
A number of analysts have recently issued reports on the stock. Royal Bank of Canada raised shares of Emerson Electric from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. raised shares of Emerson Electric from a “neutral” rating to an “overweight” rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of Emerson Electric from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Thursday, February 8th. Robert W. Baird increased their price objective on shares of Emerson Electric from $70.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 7th. Finally, JMP Securities cut shares of Emerson Electric from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $74.45 to $56.77 in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Emerson Electric currently has an average rating of “Hold” and an average target price of $67.65.
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Emerson Electric Company Profile
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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