Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Tuesday, February 5th, RTT News reports. Shareholders of record on Friday, February 15th will be paid a dividend of 0.49 per share by the industrial products company on Monday, March 11th. This represents a $1.96 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Thursday, February 14th.
Emerson Electric has raised its dividend by an average of 1.0% annually over the last three years and has increased its dividend every year for the last 62 years. Emerson Electric has a payout ratio of 61.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Emerson Electric to earn $4.04 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 48.5%.
Shares of EMR stock opened at $66.74 on Friday. Emerson Electric has a twelve month low of $55.38 and a twelve month high of $79.70. The company has a market capitalization of $40.77 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.09 and a beta of 1.20. The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.32.
Several analysts have recently commented on EMR shares. Gordon Haskett started coverage on Emerson Electric in a report on Friday, October 12th. They issued a “buy” rating for the company. Credit Suisse Group started coverage on Emerson Electric in a report on Friday, October 12th. They issued a “neutral” rating and a $78.00 price target for the company. Cowen reissued a “buy” rating and issued a $81.00 price target on shares of Emerson Electric in a report on Tuesday, November 6th. Deutsche Bank set a $79.00 price target on Emerson Electric and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, UBS Group set a $85.00 price target on Emerson Electric and gave the company a “buy” rating in a report on Thursday, November 8th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Emerson Electric presently has a consensus rating of “Buy” and an average price target of $76.28.
In related news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of Emerson Electric stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total transaction of $616,760.00. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at $1,360,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.07% of the company’s stock.
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About Emerson Electric
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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