5 Undervalued Dividend Kings To Buy In 2022

2. Emerson Electric Co. (NYSE:EMR)

Dividend Yield as of February 24: 2.22%

Number of Hedge Fund Holders: 43

Number of Years of Consecutive Dividend Increases: 65

P/E Ratio: 20.21

Emerson Electric Co. (NYSE:EMR) is a Missouri-based company that designs technology and engineering products for the global industrial, commercial, and consumer markets. The company serves multiple market segments including oil and gas, refining, chemicals, power generation, life sciences, automotive, and metals and mining, among others. 

On February 2, Emerson Electric Co. (NYSE:EMR) declared a per share quarterly dividend of $0.515, in line with previous. The dividend is payable on March 10, for shareholders of record on February 11. 

Deutsche Bank analyst Nicole DeBlase lowered the price target on Emerson Electric Co. (NYSE:EMR) on February 3 to $660 from $715 and kept a Buy rating on the shares following the company’s Q4 results. The analyst continues to like Emerson Electric Co. (NYSE:EMR)’s later-cycle end market exposures, which she says are poised to see continued recovery throughout the course of the year.

According to the Q4 database of Insider Monkey, 43 hedge funds were bullish on Emerson Electric Co. (NYSE:EMR), up from 41 funds in the prior quarter. Two Sigma Advisors was the biggest shareholder of Emerson Electric Co. (NYSE:EMR), with 2.6 million shares worth over $250 million.