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

Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.5275 per share by the industrial products company on Monday, March 10th. This represents a $2.11 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, February 14th.

Emerson Electric has raised its dividend payment by an average of 1.2% annually over the last three years and has increased its dividend annually for the last 35 consecutive years. Emerson Electric has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Emerson Electric to earn $6.38 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 33.1%.

Emerson Electric Trading Up 2.2 %

Emerson Electric stock traded up $2.73 during trading on Thursday, hitting $127.49. The company’s stock had a trading volume of 3,931,527 shares, compared to its average volume of 3,154,222. Emerson Electric has a 1-year low of $96.62 and a 1-year high of $134.85. The stock’s fifty day moving average is $126.78 and its 200 day moving average is $116.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.40 and a current ratio of 1.77. The stock has a market capitalization of $72.61 billion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 2.22 and a beta of 1.34.

Emerson Electric (NYSE:EMR) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Emerson Electric had a net margin of 11.25% and a return on equity of 11.73%. As a group, equities research analysts predict that Emerson Electric will post 5.91 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on EMR shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Emerson Electric from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. 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 report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on Emerson Electric from $137.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $138.00 target price on shares of Emerson Electric in a research report on Thursday. Finally, StockNews.com lowered Emerson Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Emerson Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.90.

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.