Emerson Electric Co. Plans Quarterly Dividend of $0.50 (NYSE:EMR)

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.

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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.

EMR has been the topic of a number of analyst reports. Credit Suisse Group increased their price target on Emerson Electric from $73.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their price target on Emerson Electric from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Cowen lowered Emerson Electric from an “outperform” rating to a “market perform” rating and set a $72.00 price target on the stock. in a research report on Wednesday, November 6th. Stephens set a $71.00 price target on Emerson Electric and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Zacks Investment Research lowered Emerson Electric from a “hold” rating to a “sell” rating and set a $69.00 price target on the stock. in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.00.

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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