Emerson Electric (EMR) Declares $0.52 Dividend

Emerson Electric said on February 8, 2023 that its board of directors declared a regular quarterly dividend of $0.52 per share ($2.08 annualized). Shareholders of record as of February 16, 2023 will receive the payment on March 10, 2023. Previously, the company paid $0.52 per share.

At the current share price of $85.99 / share, the stock's dividend yield is 2.42%. Looking back five years and taking a sample every week, the average dividend yield has been 2.67%, the lowest has been 1.92%, and the highest has been 5.25%. The standard deviation of yields is 0.48 (n=237).

The current dividend yield is 0.53 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.26. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.04%, demonstrating that it has increased its dividend over time.

Analyst Price Forecast Suggests 22.93% Upside

As of February 9, 2023, the average one-year price target for Emerson Electric is $105.71. The forecasts range from a low of $79.79 to a high of $126.00. The average price target represents an increase of 22.93% from its latest reported closing price of $85.99.

The projected annual revenue for Emerson Electric is $15,208MM, a decrease of 23.37%. The projected annual EPS is $4.12, a decrease of 47.82%.

What is the Fund Sentiment?

There are 2611 funds or institutions reporting positions in Emerson Electric. This is an increase of 57 owner(s) or 2.23% in the last quarter. Average portfolio weight of all funds dedicated to EMR is 0.34%, an increase of 3.04%. Total shares owned by institutions decreased in the last three months by 0.29% to 470,193K shares. The put/call ratio of EMR is 0.52, indicating a bullish outlook.

What are large shareholders doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,624K shares representing 2.98% ownership of the company. In it's prior filing, the firm reported owning 17,494K shares, representing an increase of 0.74%. The firm decreased its portfolio allocation in EMR by 3.33% over the last quarter.

Bank Of America holds 15,758K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 18,154K shares, representing a decrease of 15.21%. The firm decreased its portfolio allocation in EMR by 78.78% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 13,404K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 13,146K shares, representing an increase of 1.92%. The firm decreased its portfolio allocation in EMR by 2.94% over the last quarter.

Wells Fargo holds 10,648K shares representing 1.80% ownership of the company. In it's prior filing, the firm reported owning 10,519K shares, representing an increase of 1.22%. The firm decreased its portfolio allocation in EMR by 1.85% over the last quarter.

Geode Capital Management holds 10,280K shares representing 1.74% ownership of the company. In it's prior filing, the firm reported owning 10,073K shares, representing an increase of 2.01%. The firm decreased its portfolio allocation in EMR by 2.64% over the last quarter.

Emerson Electric Background Information
(This description is provided by the company.)

Emerson, headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Its Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Its Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure.

This story originally appeared on Fintel.