5 Best Manufacturing Stocks To Invest In

2. Emerson Electric Co. (NYSE:EMR)

Number of Hedge Fund Holders: 47

Emerson Electric Co. (NYSE:EMR) manufactures a variety of products including motors, alternators, fluid control systems, plastic joining equipment, and metal welding equipment among other equipment. On August 16, Argus analyst John Eade raised his price target on Emerson Electric Co. (NYSE:EMR) to $98 from $95 and reiterated a Buy rating on the shares. On October 3, Barclays analyst Julian Mitchell revised his price target on Emerson Electric Co. (NYSE:EMR) to $80 from $82 and reiterated an Equal Weight rating on the shares.

Emerson Electric Co. (NYSE:EMR) is one of the best manufacturing stocks to buy now and is currently trading at a bargain. As of October 7, the stock has a trailing twelve-month PE ratio of 14.73 and is offering a forward dividend yield of 2.58%. The company has free cash flows of roughly $2 billion.

At the end of the second quarter of 2022, 47 hedge funds disclosed ownership of stakes in Emerson Electric Co. (NYSE:EMR). This is compared to 45 positions in the previous quarter. As of June 30, Citadel Investment Group is the top shareholder in Emerson Electric Co. (NYSE:EMR) and has stakes worth $233.35 million in the company.