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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Emerson Electric Co. (NYSE:EMR) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.
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.
While we acknowledge the potential of EMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Must-Buy Dividend Stocks to Invest in and 11 Defensive Healthcare Dividend Stocks To Buy Now.
Disclosure: None.
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