Emerson Electric Co. (EMR) to Issue Quarterly Dividend of $0.56 on December 10th

Emerson Electric Co. (NYSE:EMR) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Friday, November 14th will be paid a dividend of 0.555 per share by the industrial products company on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 14th. This is a 5.2% increase from Emerson Electric’s previous quarterly dividend of $0.53.

Emerson Electric has increased its dividend payment 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 dividend payout ratio of 34.4% meaning 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 Price Performance

Shares of NYSE:EMR traded up $3.65 on Wednesday, hitting $133.18. The stock had a trading volume of 879,860 shares, compared to its average volume of 3,068,846. The firm’s 50 day moving average price is $132.30 and its 200-day moving average price is $130.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.85. The company has a market capitalization of $74.96 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.30. Emerson Electric has a twelve month low of $90.06 and a twelve month high of $150.27.

Emerson Electric (NYSE:EMR) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.79 earnings per share for the quarter. Emerson Electric had a return on equity of 14.34% and a net margin of 14.92%.The company had revenue of $3.16 billion for the quarter. On average, equities research analysts predict that Emerson Electric will post 5.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EMR. Davis Investment Partners LLC bought a new position in Emerson Electric in the 2nd quarter valued at approximately $692,000. CORDA Investment Management LLC. bought a new stake in shares of Emerson Electric in the 2nd quarter worth approximately $1,173,000. Boyd Watterson Asset Management LLC OH increased its position in shares of Emerson Electric by 13.8% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 17,117 shares of the industrial products company’s stock valued at $1,877,000 after buying an additional 2,071 shares during the period. HighTower Advisors LLC increased its stake in Emerson Electric by 1.6% during the 1st quarter. HighTower Advisors LLC now owns 716,343 shares of the industrial products company’s stock valued at $78,540,000 after purchasing an additional 11,097 shares in the last quarter. Finally, DnB Asset Management AS grew its holdings in shares of Emerson Electric by 5.6% in the first quarter. DnB Asset Management AS now owns 916,663 shares of the industrial products company’s stock worth $100,503,000 after acquiring an additional 48,226 shares during the period. 74.30% of the stock is currently owned by institutional investors.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.