#4 - Emerson Electric (NYSE:EMR)
Many manufacturing companies are known as pick and shovel companies. These companies provide the key products and services that companies need to run their businesses. Emerson Electric Co. (NYSE: EMR) makes this list as a pick and shovel company for many manufacturing companies. This list includes key customers in sectors such as chemicals, oil and gas, and food and beverage.
Emerson Electric is also widely regarded as a sneaky play for investors looking to capitalize on the popularity of artificial intelligence. It’s not a pure play AI company, but it will provide many of the products that these companies will need.
EMR stock is “only” up about 26% in the last five years. But for many investors owning this stock is about the dividend. Emerson Electric is a Dividend King which has increased its dividend for 66 consecutive years. It also has a very sustainable payout ratio of just over 25%.
About Emerson Electric
Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.
Read More - Current Price
- $128.38
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $130.00 (1.3% Upside)
