Emerson Electric Co. to Issue Quarterly Dividend of $0.49 (EMR)

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.

Emerson Electric (NYSE:EMR) last announced its earnings results on Tuesday, February 5th. The industrial products company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.08. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.21 billion. Emerson Electric had a return on equity of 24.21% and a net margin of 12.83%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. On average, equities analysts expect that Emerson Electric will post 3.69 EPS for the current year.

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.

COPYRIGHT VIOLATION NOTICE: This story was first posted by WKRB News and is the property of of WKRB News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.wkrb13.com/2019/02/09/emerson-electric-co-to-issue-quarterly-dividend-of-0-49-emr.html.

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.

Read More: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Dividend History for Emerson Electric (NYSE:EMR)

Receive News & Ratings for Emerson Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emerson Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply