Emerson Electric Co. (NYSE:EMR) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
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Emerson Electric Co. (NYSE:EMR) is an American manufacturing company that provides a wide range of products and services for commercial, industrial, and consumer markets.
On October 15, JPMorgan raised its price target for Emerson Electric Co. (NYSE:EMR) from $135 to $151 while maintaining a Neutral rating as part of its Q3 earnings preview for the electrical equipment and multi-industry sector. The firm expressed a slightly cautious view on the group in the short term but noted that current valuations appear more appealing. It also mentioned a preference for value-oriented stocks with limited investor positioning heading into the quarter.
In recent years, Emerson Electric Co. (NYSE:EMR) has undergone a major transformation, becoming a more streamlined and focused company with stronger long-term growth prospects. Its operations are now concentrated in areas such as process and industrial automation, industrial software, and adjacent fields like automated testing and measurement.
Emerson Electric Co. (NYSE:EMR) also has an impressive record of rewarding shareholders, with 67 consecutive years of dividend growth under its belt. The company offers a quarterly dividend of $0.5275 per share and has a dividend yield of 1.64%, as of October 16.
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