Emerson Electric Co. (EMR) to Issue Quarterly Dividend of $0.53 on June 10th

Emerson Electric Co. (NYSE:EMR) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.525 per share by the industrial products company on Monday, June 10th. This represents a $2.10 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, May 16th.

Emerson Electric has raised its dividend payment by an average of 1.3% annually over the last three years and has raised its dividend every year for the last 67 years. Emerson Electric has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Emerson Electric to earn $5.79 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 36.3%.

Emerson Electric Stock Up 2.6 %

Shares of NYSE:EMR opened at $115.59 on Friday. Emerson Electric has a one year low of $76.94 and a one year high of $115.77. The company has a 50 day moving average of $110.75 and a 200-day moving average of $100.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.12 and a quick ratio of 0.80. The stock has a market cap of $65.98 billion, a price-to-earnings ratio of 6.02, a P/E/G ratio of 1.84 and a beta of 1.36.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.11. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 69.33% and a return on equity of 11.59%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, sell-side analysts forecast that Emerson Electric will post 5.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EMR. Berenberg Bank boosted their price objective on shares of Emerson Electric from $100.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada lifted their price target on shares of Emerson Electric from $106.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. UBS Group lifted their price target on shares of Emerson Electric from $95.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft raised shares of Emerson Electric from a “hold” rating to a “buy” rating and lifted their price target for the company from $123.00 to $138.00 in a research note on Thursday. Finally, Mizuho lifted their price target on shares of Emerson Electric from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.41.

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.