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

Emerson Electric Co. (NYSE:EMR) announced a quarterly dividend on Tuesday, November 5th,NASDAQ Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 1.62%. 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 increased its dividend by an average of 1.3% annually over the last three years and has increased its dividend every year for the last 68 years. Emerson Electric has a dividend payout ratio of 35.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Emerson Electric to earn $6.41 per share next year, which means the company should continue to be able to cover its $2.11 annual dividend with an expected future payout ratio of 32.9%.

Emerson Electric Stock Down 0.2 %

Emerson Electric stock traded down $0.26 during mid-day trading on Thursday, hitting $129.90. The company’s stock had a trading volume of 208,662 shares, compared to its average volume of 2,726,199. Emerson Electric has a 52-week low of $87.17 and a 52-week high of $131.56. The company has a market cap of $74.39 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.16 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 1.40. The firm’s 50 day moving average is $109.98 and its 200 day moving average is $109.71.

Insider Activity

In related news, SVP Michael H. Train sold 21,525 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $125.96, for a total value of $2,711,289.00. Following the transaction, the senior vice president now directly owns 262,408 shares in the company, valued at approximately $33,052,911.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Oppenheimer raised their price target on shares of Emerson Electric from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Robert W. Baird lifted their target price on shares of Emerson Electric from $117.00 to $118.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Emerson Electric from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. UBS Group initiated coverage on Emerson Electric in a research report on Wednesday. They set a “neutral” rating and a $135.00 price objective for the company. Finally, Morgan Stanley assumed coverage on Emerson Electric in a research report on Friday, September 6th. They issued an “underweight” rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

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.