Emerson Electric Company (NYSE:EMR) announced a quarterly dividend on Tuesday, February 7th. Shareholders of record on Friday, February 17th will be given a dividend of 0.48 per share on Friday, March 10th. This represents a $1.92 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, February 15th.
Shares of Emerson Electric Company (NYSE:EMR) opened at 64.15 on Tuesday. The firm’s 50-day moving average price is $58.64 and its 200 day moving average price is $54.65. Emerson Electric Company has a 1-year low of $45.36 and a 1-year high of $64.27. The firm has a market cap of $41.38 billion, a PE ratio of 26.02 and a beta of 1.17.
Emerson Electric Company (NYSE:EMR) last announced its quarterly earnings data on Tuesday, February 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. The firm earned $3.20 billion during the quarter, compared to the consensus estimate of $3.17 billion. Emerson Electric Company had a return on equity of 24.26% and a net margin of 8.50%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. On average, equities research analysts forecast that Emerson Electric Company will post $2.45 EPS for the current fiscal year.
In related news, VP Steven J. Pelch sold 7,839 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $63.31, for a total transaction of $496,287.09. Following the completion of the transaction, the vice president now owns 72,647 shares in the company, valued at approximately $4,599,281.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is owned by company insiders.
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Several equities research analysts recently issued reports on EMR shares. Zacks Investment Research raised Emerson Electric Company from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 19th. Goldman Sachs Group, Inc. (The) raised Emerson Electric Company from a “sell” rating to a “neutral” rating and set a $60.00 target price on the stock in a research report on Friday, January 27th. Buckingham Research raised Emerson Electric Company from an “underperform” rating to a “neutral” rating in a research report on Tuesday, December 13th. Vetr lowered Emerson Electric Company from a “sell” rating to a “strong sell” rating and set a $45.32 target price on the stock. in a research report on Tuesday, November 1st. Finally, RBC Capital Markets set a $48.00 target price on Emerson Electric Company and gave the stock a “hold” rating in a research report on Wednesday, January 4th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.07.
About Emerson Electric Company
Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions.
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