Emerson Electric Co. (NYSE:EMR – Get Free Report) declared a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Friday, February 13th will be given a dividend of 0.555 per share by the industrial products company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, February 13th.
Emerson Electric has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 68 years. Emerson Electric has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Emerson Electric to earn $6.45 per share next year, which means the company should continue to be able to cover its $2.22 annual dividend with an expected future payout ratio of 34.4%.
Emerson Electric Stock Up 3.5%
NYSE EMR opened at $157.49 on Thursday. The stock has a 50 day moving average price of $140.83 and a 200-day moving average price of $136.13. Emerson Electric has a one year low of $90.06 and a one year high of $160.13. The company has a market capitalization of $88.56 billion, a P/E ratio of 38.51, a P/E/G ratio of 2.46 and a beta of 1.26. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.65 and a current ratio of 0.88.
Analyst Upgrades and Downgrades
A number of research firms recently commented on EMR. Evercore ISI began coverage on Emerson Electric in a report on Monday, December 15th. They set an “outperform” rating and a $170.00 target price for the company. Wells Fargo & Company increased their price target on Emerson Electric from $145.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group upgraded Emerson Electric from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $168.00 in a report on Monday, January 5th. Oppenheimer reiterated a “market perform” rating on shares of Emerson Electric in a research report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Emerson Electric from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $158.18.
Read Our Latest Analysis on EMR
Emerson Electric Company Profile
Emerson Electric Co is a global technology and engineering company that designs and manufactures products and provides services for industrial, commercial and consumer markets. Founded in 1890, the company is headquartered in St. Louis, Missouri, and has built a long-standing presence in automation, control and climate-related technologies. Emerson’s offerings are aimed at improving productivity, energy efficiency and reliability for a wide range of end markets.
Emerson operates through two principal platforms—Automation Solutions and Commercial & Residential Solutions—providing process automation systems, measurement and analytical instrumentation, valves and actuators, control software, and related aftermarket services, alongside products for heating, ventilation and refrigeration, residential and commercial climate controls, tools and storage solutions.
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