Emerson Electric Co. (NYSE:EMR – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.555 per share by the industrial products company on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th.
Emerson Electric has increased its dividend payment by an average of 0.0%per year over the last three years and has raised 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. Equities analysts expect Emerson Electric to earn $7.14 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 31.1%.
Emerson Electric Stock Down 1.5%
EMR stock opened at $137.29 on Wednesday. Emerson Electric has a 52 week low of $114.83 and a 52 week high of $165.15. The business has a 50-day simple moving average of $137.82 and a 200 day simple moving average of $139.44. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37. The company has a market cap of $76.90 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.26.
Analyst Ratings Changes
A number of research analysts recently issued reports on EMR shares. Evercore lifted their price objective on shares of Emerson Electric from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Wolfe Research reduced their target price on Emerson Electric from $176.00 to $169.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Stephens lifted their price target on Emerson Electric from $145.00 to $155.00 and gave the company an “equal weight” rating in a research note on Monday, February 9th. Jefferies Financial Group began coverage on Emerson Electric in a research report on Tuesday, March 31st. They set a “buy” rating and a $175.00 price objective for the company. Finally, Daiwa Securities Group raised their price objective on Emerson Electric from $153.00 to $177.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Twelve equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $164.24.
View 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.
See Also
- Five stocks we like better than Emerson Electric
- Ally Financial Is Back to Basics—And Investors Are Watching
- Navitas Breaks Out on India Deal, Validating High-Power AI Pivot
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
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.
