Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Tuesday, November 5th, Fidelity reports. Investors of record on Friday, November 15th will be given a dividend of 0.50 per share by the industrial products company on Tuesday, December 10th. This represents a $2.00 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, November 14th.
EMR stock traded up $0.26 during mid-day trading on Tuesday, reaching $74.07. The company had a trading volume of 1,880,488 shares, compared to its average volume of 3,230,782. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 1.19. The company has a market capitalization of $45.44 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.57 and a beta of 1.37. The firm has a fifty day simple moving average of $68.50 and a 200 day simple moving average of $65.01. Emerson Electric has a fifty-two week low of $55.38 and a fifty-two week high of $75.54.
Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $5.02 billion. Emerson Electric had a return on equity of 26.32% and a net margin of 12.55%. Emerson Electric’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. As a group, analysts predict that Emerson Electric will post 3.63 earnings per share for the current year.
In other news, insider Surendralal Lanca Karsanbhai sold 4,779 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $73.70, for a total transaction of $352,212.30. Following the sale, the insider now owns 39,005 shares of the company’s stock, valued at approximately $2,874,668.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sara Yang Bosco sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $73.55, for a total value of $806,769.95. Following the sale, the vice president now directly owns 88,817 shares in the company, valued at approximately $6,532,490.35. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.
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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