Emerson Electric Co. (NYSE:EMR – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be paid a dividend of 0.555 per share by the industrial products company on Thursday, September 10th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 14th.
Emerson Electric has increased its dividend by an average of 0.0%annually 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% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance
EMR stock opened at $158.88 on Wednesday. Emerson Electric has a 52 week low of $122.64 and a 52 week high of $165.15. The firm has a market capitalization of $88.99 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.24. The company has a fifty day simple moving average of $143.10 and a two-hundred day simple moving average of $142.37. The company has a quick ratio of 0.64, a current ratio of 0.87 and a debt-to-equity ratio of 0.37.
Hedge Funds Weigh In On Emerson Electric
A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Emerson Electric in the fourth quarter worth approximately $1,050,040,000. Bank of America Corp DE lifted its holdings in shares of Emerson Electric by 13.1% in the 1st quarter. Bank of America Corp DE now owns 19,941,844 shares of the industrial products company’s stock worth $2,612,780,000 after buying an additional 2,302,055 shares during the period. Janus Henderson Group PLC grew its position in shares of Emerson Electric by 95.7% during the 1st quarter. Janus Henderson Group PLC now owns 2,207,707 shares of the industrial products company’s stock worth $289,262,000 after buying an additional 1,079,665 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Emerson Electric by 17.8% in the fourth quarter. Bank of New York Mellon Corp now owns 6,198,148 shares of the industrial products company’s stock valued at $822,618,000 after acquiring an additional 938,051 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Emerson Electric by 14.8% during the 4th quarter. Fisher Asset Management LLC now owns 7,191,118 shares of the industrial products company’s stock worth $954,405,000 after acquiring an additional 928,548 shares in the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.
About Emerson Electric
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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